Feeling ill

Wow, whadda week.

The Confidence Man

In Ottawa the big confidence vote may be called. It’s now a nothingburger, since the Dippers won everything they demanded of the Libs. The CERB is back and being extended for as far as the eye can see – although it’s called different names (enhanced EI and CRB). Does this sound like a guaranteed income to you? It should. Plus Jag got the feds to agree to two full weeks of sick pay. That’s extra sick pay over your deal with your employer. It was an NDP prerequisite for backing Trudeau when he disbanded Parliament earlier this year, and it’s now a done deal.

So, no election. Yet. The spending will continue. We are on our way to a $500 billion one-year deficit. Harper’s credit crisis x 10.

By the way, speaking of ten additional paid sick days, it’s useful to remember how many public-sector workers are already paid for time away from their jobs due to sniffles. For example, this is the deal for elementary teachers in Ontario (who work 194 days per year, or 53% of the calendar):

If you are employed in a permanent full-time position, your sick leave entitlement each school year is as follows:
* 11 sick days at 100% of salary;
* 120 short-term leave and disability plan (STLDP) days at 90% of salary; and
* “top-up” of the STLDP days from 90% to 100% of salary from any of the unused 11 sick days of the previous school year. (Source: Ontario Elementary Teachers Federation)

Yes, this is where we’re headed. No wonder there’s a tax storm on the horizon. Plus this storm…

Blood & Guts in Cleveland

It probably won’t be pretty, but it will be seminal. The first presidential debate between Trump and Biden happens tomorrow night (Tuesday) in that city on Lake Erie’s shores. The first of three. So who has the most to lose?

Trump, of course. And not just his embarrassing tax records. He’s spent months painting Joe Biden as old, incoherent, doddering, senile and suffering from dementia. This happened after trying to portray him as a player in Ukrainian corruption and, when they failed, as a pedophile. In any case, expectations of Biden are now so low that if he shows up and stops drooling, it’ll be a win for the Dems.

I have no idea who will win this election, unlike everyone else who reads this pathetic blog. But we can expect mayhem. Trump has worked hard at discrediting the electoral process. He claims (without evidence, according to the FBI) that mail-in ballots are a sham. (There will be million so them, thanks to Covid.) He’s suggested that Congress, or maybe the Supreme Court (hence the haste to appoint the new gal) – and not voters – will decide the outcome. And he’s refused to say he will gracefully exit in case he loses.

Sound like a mess in the making? You betcha. This will not be decided on November 3rd, and Mr. Market could be in a crappy mood until Christmas. Meanwhile the social media onslaught is overwhelming. We have Proud Boys battling BLM. Guns are coming out. America is battling not only a virus but an infection of intolerance, polarization and hate.

Suddenly Canada doesn’t look so bad. And we get free money….

We’ve hit 1%. Seriously.

So a one-year, fixed-rate, high-ratio, insured mortgage is now available for 1.29% in most of the country. When did this happen last? Never, silly. It’s an all-time low number reflecting the fact our central bank has artificially depressed yields by buying up $5 billion a week in government and mortgage securities.

The times are unprecedented. While a 1% mortgage for sounds progressive, borrowers should realize it comes because of the risks facing the economy. There are four million people this week lurching from CERB to new government pogey. Unemployment in Canada is the highest in the western world. Our per-capita government sending is off that chart. The central bank is printing cash as never before and feeding it to a government that spends without precedent. Notably, almost 70% of all the people who stopped making mortgage payments because of Covid had yet to resume as of the beginning of September.

Should you take a one-year term? For most people, no. Go five. Not worth the risk. Of course, if you really want to be shellacked, go get a five-year bank GIC. The Royal’s paying 0.95%. Remember these days. Your grandchildren will want to hear about them.

198 comments ↓

#1 not 1st on 09.28.20 at 3:29 pm

You have to stop watching CNN Garth.

Ballot fraud just exposed in MN last night. Illan Omars district. What a surprise.

https://www.newsweek.com/project-veritas-ilhan-omar-illegal-ballot-harvesting-1534555

#2 UtterlyConfusedCanadian on 09.28.20 at 3:29 pm

Not interested in a mortgage, I like renting. However, it might be time to leverage up ETFs…..

#3 BlogDog123 on 09.28.20 at 3:30 pm

So that new sick leave policy means 2 weeks on top of what I am already getting through my company policies? Does that mean my company will just cancel all sick days leaving me with just 2 weeks?

#4 Bob Dog on 09.28.20 at 3:37 pm

Amazon is migrating another 3000 people to Vancouver to expand their sweat shop. So much for affordable housing

https://apple.news/AWw9uPLd5RY-nAxP4IMsomw

“ The average wage of a software developer in Vancouver last year was US$92,726, compared to US$141,785 in San Francisco or US$128,067 in Amazon’s hometown of Seattle, according to a July report by real estate firm CBRE Group Inc. Once rental costs are folded in, the cost of running a 500-employee operation in the Canadian city is half that of a similar-sized operation in the Bay Area, it found.”

Canadians are the biggest collection of losers the human race has ever produced.

#5 Ponzius Pilatus on 09.28.20 at 3:37 pm

Sorry late to the Arnie party.
The real Arnie, the Terminator, at 30 did not have money to buy clothes.
So he decided to pose in his speedos on Munich’s Marienplatz in the middle of Winter!
That’s what Austrians are made of.
See the iconoclastic pictures:

https://www.reddit.com/r/OldSchoolCool/comments/8gf3v4/arnold_schwarzenegger_1967_munich/

#6 Ernest on 09.28.20 at 3:44 pm

“ Unemployment in Canada is the highest in the western world. Our per-capita government sending is off that chart. The central bank is printing cash as never before and feeding it to a government that spends without precedent.”

… poor Canada

#7 Hawk on 09.28.20 at 3:45 pm

Whether Trump wins or Biden wins,……..it’s spells doom.

If they had chosen Ron Paul in 2012, America would have been well on the way to recovery. Now the Titanic is sinking and everyone has to grab whatever lifeboats they can!

#8 Drugged Debates! on 09.28.20 at 3:48 pm

Oh this is gonna be fun!……

“People say he was on performance-enhancing drugs; a lot of people have said that, a lot of people have written that,” Trump said.

Reporters challenged the president on his sources for the drug usage claim.

“You can check out the internet, you’ll see, plenty of people say it,” Trump said. “And whether he is or not, doesn’t matter; he can take a test and I can take a test too.”

The president has routinely questioned whether Biden has used some kind of drug to help him perform better in debates.

“Don’t underestimate him, look, he’s been doing this for 47 years,” Trump said last week. “You never know. They give him a big fat shot in the ass and he comes out, and for two hours, he’s better than ever before.”

#9 Freedom First on 09.28.20 at 3:50 pm

Feeling ill, anyone?
Relax, Dog is in charge.

Have a great day!

Freedom First

#10 Stone on 09.28.20 at 3:51 pm

Actually, the paid sick time is a good thing. Too many people go into work because they can’t make due without their paycheque and have to choose between getting paid and not getting paid if they don’t show. This at least gives people a chance to stay home, get well, and not infect their colleagues at work.

As for the teachers, their union negotiated well. As the employer and union agreed to it, there’s nothing to gripe about it now. That’s what contract is all about. Tough nuggies.

#11 Damifino on 09.28.20 at 3:52 pm

It’s now a nothingburger, since the Dippers won everything they demanded of the Libs.
——————————-

Yes, it’s a certainly nothingburger. But no, it wasn’t a capitulation to NDP demands. It was the collection of pre-negotiated Liberal graft allowing the NDP some desperately needed face saving.

A spade is a spade. A charade is a charade.

#12 Bill zufelt on 09.28.20 at 3:53 pm

40,000 Dow by 2022.

#13 Linda on 09.28.20 at 3:54 pm

Now Garth, remember that when Trump discredits mail in ballots he is – as per at least one of your commenters – ‘only joking’ or ‘being sarcastic’. Nothing to worry about folks, Trump would ‘never’ discredit the electoral process in order to win – since he is such an upright, moral & honest kind of guy.

So the spending party continues. At the rate things are going, there will be those who will expect $ to flow forevermore so yes, does kind of look like some folks dreams come true. Nightmares for others, the ones who will be expected to eventually pay for all this. Or is paying debt no longer something that is done? Also I’ve lost track. Do those who deferred mortgage payments etc. now have to resume handing over the $ to their lender of choice or is that still on hold? At this point, one could hardly blame the ones deferring payment to presume they can continue to do so. Since Covid is still an issue & all.

#14 Prince Polo on 09.28.20 at 3:54 pm

Will the enhanced EI and CRB be enough to buy a PS5?

#15 Property Accountant on 09.28.20 at 3:54 pm

Thesis: We are heading towards Japan’s situation, which had 0-1% interest rates since year 2000 (over 20 years). Japan’s debt is approaching 200% GDP. Over 130 central banks are printing money now. Government and corporations “are close” as government often buys “high quality” corporate bonds as well, effectively financing corporations.
Backround: Most of the western country bonds pay ZERO or are negative if you buy them (principal paid is lesser than price paid – for example Germany bonds) because of CB actions – they printed money and bought them, depressing yields. US and Canada are last ones having bonds in “positive” 1% or so territory.
My Conclusion: Buy assets with “real value”, inflation-proof, like certain type of reits (stable tenant base, high collection, variable mortgage rates), food industries (food goes up fastest in inflation environment), some commodities (gold did increase in value 7-10% annualy past 10 years, its US$ loosing value not gold gaining value).
Your conclusion? Open to hear opinions. Maybe I’m wrong.

#16 Stone on 09.28.20 at 3:55 pm

This very interesting.

https://www.bnnbloomberg.ca/geneva-voters-agree-to-us-25-minimum-hourly-wage-1.1500144

For a decent standard of living. Lol. I like the Swiss.

#17 Dolce Vita on 09.28.20 at 3:57 pm

If what Garth say about Trump comes true (election results, not stepping aside) then the result in America will be:

MARTIAL LAW

for if they are bearing guns against each other prior to the election, imagine what will happen if it is contested.

Canada as emotive as it is (by the way, I liked the way you used the word) may well throw in.

I say that after having lived in Europe for 6 years now you come to realize just how involved Canadians are in far too many American affairs. Understandable due to the economy (trade primarily) and geography.

Hopefully Canadians will show restraint in something since they are unable to do so when it comes to personal or government finances.

The worst news would be to see the same happen in Canada.

#18 Ace Goodheart on 09.28.20 at 4:02 pm

Interesting times.

We seem to be coming to a head in terms of how people had been told this was all going to end, and how it will actually end.

Virus stuff: there is more and more confirmation that this virus will kill 0.2% of the people it infects. This seems to be the magic number. This puts it in line with most bad seasonal influenza outbreaks.

But the numbers of dead are way higher than influenza. Why?

It would appear, based on the medical journals and doctor websites, and open letters I have been reading lately, that the high numbers are due primarily to two causes:

1. Co-morbidities. Death from anything, if the person had COVID, is attributed to death from COVID. In the UK, it has until recently been impossible to officially recover from COVID. Once you have had it, if you die at any time in the future, your death was ruled as caused by COVID. The running joke is that you could have COVID in the UK, get a cold, fully recover, and get hit by a bus, and your death would be ruled “death from COVID”

How do we know 0.2% death rate? Well, countries like Sweden and Iceland, that did not lock down, and that accurately traced their COVID infection, case and death numbers, produced this statistic.

Unlike the lock down countries, their numbers are accurate.

2. The early testing methods for COVID were not very good and produced a lot of false positives. Many of the deaths, infections and cases, were not actually COVID. In the case of a disputed result, the death was attributed to COVID.

So, we are told that COVID will go like this: Our governments, acting responsibly, will lock us down, restrict our movements, and socially distance us. We will have our freedoms taken away (temporarily). In compensation, we will be given free money.

A vaccine will then be developed, we will all get injected, and then we will be immune for life. We can then all get back to work, life will go back to normal again and all freedoms will be restored. The money borrowed by governments, to pay us all to stay home, will be minimal, it will be paid back quickly due to low interest rates, and no tax increases will be needed.

Within a few months, everything will be back to normal. We will hardly notice.

This now appears to be a lie.

Things likely will go more like this:

Lockdowns and social distancing will end in violent protests and uprisings. Governments will gradually lose control. There will be fighting in the streets. This is already happening in the UK and in the USA. The rule of law will collapse, and things will for a time enter anarchy and chaos as more and more people fight back against the loss of all their rights, while governments try to impose stricter lockdowns and mask requirements, to fight against a virus that is going to act like a virus, and infect people regardless of what we do.

Vaccine: a pipe dream. An RNA corona virus cannot be vaccinated against. They knew this when they accepted billions of dollars from governments to try to develop one. The biggest accomplishment for the vaccine companies has been making themselves flush with government cash and then securing complete legal immunity for themselves ahead of the forced, mandatory injections.

The vaccine may hurt people. It may do nothing. It may protect you against a few strains of COVID, but not all of them. There is virtually no chance that it will protect against COVID completely. RNA viruses mutate very rapidly and are constantly forming new strains. They cannot be vaccinated against.

There is no discussion as to the medical necessity of forced mandatory vaccination of every single human, against a virus with a 0.2% death rate. Or of the billions in borrowed taxpayer money being spent to do it.

The vaccination effort, unprecedented in modern history, is doomed to failure. It will disrupt public trust in medicine in a way that will take generations to repair. It may be the single largest medical mistake ever made in human history.

Debt: 600 billion dollars a year borrowing, in a country that, going into COVID, had a total Federal debt of just over 600 billion, is not going to end well.

Canada is headed into a currency crisis. As soon as our creditors start demanding payment in US dollars, we are finished. This will happen sooner than you all think. No one is going to want freshly printed CDN dollars anymore. We will have to pay things back in US currency. That will destroy us financially. We are going to get badly hurt by this.

Those are my thoughts anyway. I hope I am wrong.

#19 crowdedelevatorfartz on 09.28.20 at 4:03 pm

Wow!
Bury your bullets, beans and bullion in the back yard……

#20 crowdedelevatorfartz on 09.28.20 at 4:07 pm

@#5 Ponzies pen pal
“See the iconoclastic pictures:

+++

That Austrian picture deserves another….

https://www.amazon.ca/Libbys-Vienna-Sausage-4-6-Cans/dp/B00AFDB9XO

With love from Maple Leaf……..

#21 Rainman on 09.28.20 at 4:10 pm

Interest rates can still go lower and will.
https://financialpost.com/real-estate/mortgages/canadian-mortgage-rates-are-the-lowest-in-history-can-they-go-any-lower
sub par 3% for 10+ years for sure.

#22 Shirl Clarts on 09.28.20 at 4:18 pm

We are on our way to a $500 billion one-year deficit. Harper’s credit crisis x 10

^^^^^^^^^^^^^^^^^^^^^
It’s sort of a sunk cost trap. The Gov’t can’t risk failing now, or else all that initial spending was for nothing.

I wonder what Harper would have done differently.

#23 Go0fy on 09.28.20 at 4:18 pm

As long as Canada welcomes f0reign money lawndering in Toronto real estate, the Canadian dollar will be okay. The anti-m0ney lawndering laws in the USA and UK are stricter than Canada.

#24 not 1st on 09.28.20 at 4:21 pm

All of our elected leaders are playing a high stakes game with this covid. Some are close to re-election and just need to nudge the fear along for a little while longer until then can pull the trigger. Thats Ford. Thats US democrats.

A few are going to get steamrolled by this. Hopefully thats Trudeau. Story out today he tried to force the military to tamp down online dissent and the military rebuffed him. Guess thats why Vance got the heave ho.
Dont fool yourself, this guy is a dye in the wool wanna be tyrant.

But its all for naught if Trump doesnt win. That happens and you can say goodbye to it all anyway. It will be marxist socialism with chinas our benefactors.

#25 Overheardyou on 09.28.20 at 4:21 pm

I am going to say it now, I have not taken any money from the Government during this Pandemic nor do I ever intend to take any.

That being said, I’ll be proud to tell my kids and grandkids that our family was not bought and never will be.

#26 Trojan House on 09.28.20 at 4:22 pm

“Mr. Market could be in a crappy mood until Christmas.”

Garth, don’t you mean if Justin lets us have Christmas?

#27 Dolce Vita on 09.28.20 at 4:24 pm

#18 Ace Goodheart

“Vaccine: a pipe dream.”

I hope you are wrong though evidence so far says you are correct corona viruses and vaccines (search Moderna and SARS vaccine – still does not function and they’ve been at since 2005).

News on Ph. 3 trials obtuse and I have been looking. They claim an immune response but what a vaccine needs to trigger is T-Cells that go out and smite COVID-19 and that have a memory. The antigens (B-cells) as I understand it do not last long (2 MONTHS) in the human body AND that this what the vaccines are claiming FOR NOW (B-cells).

Not very comforting. Vaccinate every 2 months?

The Holy Grail “Vaccine” may end up being nothing more than OPIATE for the masses to give hope where there is none.

Why I have been saying that Govs made a mistake by not pouring equal $$$ into therapies to minimize an infection AND prevent death.

I’m afraid to say globally, Govs have put all their eggs into one basket and that basket may not hold for long.

Then again, something does Spring Eternal and Miracles can happen.

#28 Andrewski on 09.28.20 at 4:29 pm

Someone much smarter than I told me to legally minimize paying taxes, but to never try to evade taxes.

https://www.wealthprofessional.ca/business-news/income-tax-expose-could-threaten-trumps-re-election-campaign/333710?utm_source=GA&utm_medium=20200928&utm_campaign=WPCW-Breaking-20200928%20B&utm_content=708606F6-5BE0-481F-9A9A-EC7E25C236A1&tu=708606F6-5BE0-481F-9A9A-EC7E25C236A1

#29 yvr_lurker on 09.28.20 at 4:29 pm

Once again the moderator appeals to his base with slagging those overpaid teachers (and public servants). Only a one-word comment (embarrasing) about the puny 750.00 fed income tax levy on the leader of the free world. I was under the impression from the tax law that if a business is continually losing money year after year then eventually it can’t be used as a write-off. Perhaps it is different in the U.S. However, as those conservatives would say, Trump is creating jobs…yada..yada… How many similar stories with nil tax bills do we have in Canada (and the U.S.) with those from the Uber wealthy class? Who knows; but it is easy just to focus on the great excess and privilige that being a teacher allows.

If we were Norway

https://theculturetrip.com/europe/norway/articles/norway-country-public-tax-returns/

there would be much more transparency with tax records.

However, no need for us little citizens to worry about such complicated things, just shut up and pay your taxes, and don’t complain about any injustice as, we must remember, that they are creating jobs…..

How is quoting a policy from the teachers’ association handbook, verbatim, slagging educators? As for Trump, are you now accusing me of being a fanboy? Yikes. – Garth

#30 Dave on 09.28.20 at 4:35 pm

The 194 work days don’t include every Sunday morning that my wife goes to work, do they. Or the week before school starts in the summer.

53% of the calendar doesn’t seem like a lot until you do the math and find that any other worker getting their stat holidays and minimum two weeks vaction is working 65% of the calendar. If they’re working holidays they are getting a pay bump to do so.

That was so chivalrous. – Garth

#31 Alberta Ed on 09.28.20 at 4:36 pm

WE can at least hope that Big Spender Justin gets gobsmacked over his latest ethical lapse.

#32 greyhound on 09.28.20 at 4:37 pm

In any case, expectations of Biden are now so low that if he shows up and stops drooling, it’ll be a win for the Dems.

Garth’s sense of humour is SO welcome in these nutty times. No wonder I keep coming here daily.

#33 CL on 09.28.20 at 4:42 pm

I literally laughed when I read this.

https://www.bnnbloomberg.ca/canadian-housing-market-optimism-climbs-amid-second-wave-1.1500418

People thought I was strange because of how hard I was laughing. The very next article was about how many millions of Canadians were worried now that CERB and deferrals have ended. HAHAHA. It is all so dumb.

As well, I caught this headline today…..it was from Global News and note it was written BEFORE tomorrow’s debate.

I have pictures of it because I had to really look to see if I was reading correctly. I clicked the link and the article was about Russia and Putin, not about Trump and the debate because the debate hasn’t occurred yet.

Verbatim:
“Trump demand Biden take a drug test after what he calls ‘uneven’ debate performances.”

Nope, no agenda from the media.

#34 Handsome Ned on 09.28.20 at 4:49 pm

#19 crowdedelavoerfartz

Bullets beans and bullion is the Zero hedge Motto that ends in a word starting with b that means female dogs. Zero Hedge comments are not for some of the sensitive readers of this blog

#35 Josh in Calgary on 09.28.20 at 4:52 pm

At 1.29% it’s getting pretty tempting to mortgage up and put the proceeds into a balanced and diversified portfolio.

Garth, would you ever advise such a thing?

#36 Mikenally on 09.28.20 at 4:54 pm

Poh Canada!

Our home and bankrupt land…

#37 Apocalypse2020 on 09.28.20 at 5:01 pm

You have a brief window to stock up on supplies and get yourself a rural remote property. By November it will all be unravelling. Expect massive civil unrest and then foreign aggression to cripple the USA. While the virus explodes upward.

PREPARE

#38 Doug t on 09.28.20 at 5:11 pm

How low can you go – Canada’s economy is being kept from completely imploding by one thing – housing industry. And its basically a pyramid scheme – and at some point it is going to evaporate

#39 Flop... on 09.28.20 at 5:12 pm

Lipstick sales are holding steady.

At first, I thought they’d be way down, with the girls not needing to apply lipstick behind their masks.

Then I remembered a tonne of its probably being applied to the debt pig in Ottawa.

It’s still a pig…

M46BC

#40 Don on 09.28.20 at 5:13 pm

#18 Ace. Interesting post. A unique view that I have yet to hear but cannot disagree with your arguments. 10/10.

#41 FreeBird on 09.28.20 at 5:13 pm

The Election That Could Break America by Pulitzer Prize-winning journalist Barton Gellman:

https://www.theatlantic.com/magazine/archive/2020/11/what-if-trump-refuses-concede/616424/

#42 Sail Away on 09.28.20 at 5:13 pm

Ecclesiastes 1:9

‘What has been will be again,
what has been done will be done again;
there is nothing new under the sun.’

****

History gives us plenty of examples of unbridled deficit spending. This always ends well, right?

MEC was just bought by a US firm. At least we still have those titans of industry Bombardier and Blackberry. And Encana and the Canadarm creators… whoops, my mistake: it seems they’ve moved to the US as well.

My solution? Keep the portfolio at max 30% maple and most cash in USD.

The stuff happening in the US is small, small scale blown ridiculously out of proportion.

#43 baloney Sandwitch on 09.28.20 at 5:14 pm

Lots of Trump lovin “proud boys” in the comment section, as always. Not many BLM’ers. I guess the latter are too busy trying to scrape a living doing society’s essential work, while the former bloviate.

#44 Not 1st on 09.28.20 at 5:16 pm

I like how everyone going on cerb staying locked and going in massive debt is in the national interest but trying sell oil to pay for it all is not.

What clown country.

#45 Mattl on 09.28.20 at 5:18 pm

#35 Josh in Calgary on 09.28.20 at 4:52 pm
At 1.29% it’s getting pretty tempting to mortgage up and put the proceeds into a balanced and diversified portfolio.

Garth, would you ever advise such a thing?

————————————————————–

We are doing this exact same thing end of this week. a 5 year for around 1.9%, take some money out of the house, and top up our portfolios. I have no idea how markets will perform in the short term but I’m betting that they return more then 1.9% per over the next 5.

#46 akashic record on 09.28.20 at 5:21 pm

DELETED

Don’t do that again. – Garth

#47 FreeBird on 09.28.20 at 5:22 pm

DT on Biden drug test. No doubt rhetoric from both sides will ramp up. Good times for all media and sponsors…

https://www.google.ca/amp/s/www.washingtonpost.com/nation/2020/09/28/trump-biden-drug-test-debate/%3foutputType=amp

#48 Ponzius Pilatus on 09.28.20 at 5:23 pm

#160 TalkingPie on 09.28.20 at 3:27 pm
The moment I hear the phrase, “throwing money away on rent,” I know I’m dealing with someone who’s underinformed and hasn’t thought things through. And that’s before we get to the paragraph where our buddy displays his abysmal math skills—————
Totally agree.
But we’re assuming that most people are rational.
The fact is that the reasons for house buying or voting for Trump are purely emotional.
Don’t pay the landlords mortgage, is another stupid argument.
People who own houses are considered financial geniuses, while renters are losers.
I get it, buy a house, but don’t give me that bullshit.
It insults my intelligence.
The biggest problem with those arguments is, that they do not take into account the opportunity cost of owning a house.
But then explaining opportunity cost to a homeowner is a waste of time.
So, I want bother doing it here.
But, Garth has done it a thousand times.
Does not seem to make difference.
And don’t get me started on what a waste of money buying an F-150 is.

#49 Sail Away on 09.28.20 at 5:27 pm

#25 Overheardyou on 09.28.20 at 4:21 pm

I am going to say it now, I have not taken any money from the Government during this Pandemic nor do I ever intend to take any.

That being said, I’ll be proud to tell my kids and grandkids that our family was not bought and never will be.

————

‘Please join me in giving thanks for this Thanksgiving potato. It’s not much but it will sustaineth our pride.’

My thought? When there’s a mad king on the throne, it’s time to ruthlessly look after your own.

#50 Frostty on 09.28.20 at 5:30 pm

didnt see any etfs on sale so i bought more of that biotech stuff,…. anyone else got some insight? as we wait for civil unrest from the states and even alberta :)

#51 NoName on 09.28.20 at 5:37 pm

#5 Ponzius Pilatus on 09.28.20 at 3:37 pm
Sorry late to the Arnie party.
The real Arnie, the Terminator, at 30 did not have money to buy clothes.
So he decided to pose in his speedos on Munich’s Marienplatz in the middle of Winter!
That’s what Austrians are made of.
See the iconoclastic pictures:

https://www.reddit.com/r/OldSchoolCool/comments/8gf3v4/arnold_schwarzenegger_1967_munich/

funny thing i just ordered speedo of amazon other day for when we go to vacation…

And as for arnold If he just walked over to St Peters church around corner, iam sure that there would be enough croatians overther to chip in few marks each for him to buy need clothes. Now iam thinking maybe i should do same, but i’m afraid if i do some people might get traumatized and scared for life…

you know arnold merrid in dem family and run as rep?

#52 espressobob on 09.28.20 at 5:41 pm

As a retail investor it always makes sense to stay invested. The corporate world is somehow detached from all the political BS going on. People consume regardless of what’s in the news.

Staying ahead of the curve of inflation and higher taxes is the whole point of what we do.

Rash decisions play right into the hands of others more experienced at this game.

Why do that?

#53 not 1st on 09.28.20 at 5:46 pm

Mankind has been hammering away at flu vaccines for 15 yrs and they are still only 50-60% effective.

We have no hope against the coronavirus in the near term. I guess thats why Canada orderd up 30M doses from 3 different companies. Gonna try them all on the population as guinea pigs.

Sweden has already got to herd immunity, I suspect thats whats happening here as well. By the time a vaccine is ready it will already be obsolete.

#54 Petulant on 09.28.20 at 5:51 pm

It doesn’t matter who wins the election (in Canada or the US). The American model was never supposed to be an “Empire” – the English trapped them into “Forgien Entanglements” and their power has been depleted. They are broke, culturally fractured and hated by the rest of the world (even their supposed “allies”.)

Politics is the staged WWE of economics and the reality all across the Anglo American Establishment is that the fracturing (like, deep civil war type fracturing) is close at hand.

I predict what we call the “United States” and “Canada” is going to become about 12 different states before 2030. The central power is unwound.

North America will follow how the Ottomans collapsed at the end of the 19th century and into the 20th century. An empire built on world logistics and outside fees to do business disintegrates pretty quickly when all that grain dole dries up.

Interesting times indeed.

#55 OK, Doomer on 09.28.20 at 5:57 pm

All mail in ballots are not equal. It has to do with the chain of custody, just like with legal evidence. Absentee ballots are the most secure as they are requested by an individual and then sent in.

The ones Trump is concerned about are ballots that are mass mailed out to every address and are just as secure as a Domino’s Pizza flyer.

My understanding is non-personalized presidential ballots are never mass-mailed. Feel free to prove this is an incorrect statement. If unable, stop being a parrot. – Garth

#56 Flop... on 09.28.20 at 6:05 pm

#101 MaryEn on 09.27.20 at 9:29 pm
@55

Hi Flop,
We are looking at the area around General Gordon school. The target price is up to 2.8K but we are willing to pay more if we really like it. If we decide to pay over 3K, than we would rather target the self-contained unit as ex. this one that I just saw on Craigslist https://vancouver.craigslist.org/van/apa/d/vancouver-4-bedroom-office-house-near/7204182750.html

///////////////////

Het Mary, had a look, couple of observations.

Little bit dark and dingy looking.

I know it’s a Westside detached but at that monthly cost plus utilities you’d probably be up over 3500.

Have a look at this one that went up today.

It’s a bit contrived as it looks like they put a bed in a living/sitting room but it looks more modern and bring heading into winter for probably a grand less a month.

They have other parts of the house up as well in separate listings.

Speaking of separate, separated entrance has to be worth a good $ 13.56 a month…

M46BC

https://vancouver.craigslist.org/van/apa/d/vancouver-dunbar-point-grey/7196220775.html

#57 Yacine Brahimi on 09.28.20 at 6:11 pm

bruh. 1%? that’s like, free money dude…. one question though? Can I qualify for a mortgage using CERB/CRB/EI/NEETBUX as income?

#58 Sail Away on 09.28.20 at 6:15 pm

#43 baloney Sandwitch on 09.28.20 at 5:14 pm

Lots of Trump lovin “proud boys” in the comment section, as always. Not many BLM’ers. I guess the latter are too busy trying to scrape a living doing society’s essential work, while the former bloviate.

—————

So, BS: I counted up the pro-Trump vs. anti-Trump comments up to and including yours.

Results:
2 moderately pro-Trump
3 moderately anti-Trump if we include yours
3 mentioned Trump in a non-committal / neutral way

Didn’t see any Proud Boys or BLMers.

But of course one should never let the truth get in the way of their point of view…

#59 Re-Cowtown on 09.28.20 at 6:17 pm

Just read an article about Toyota developing solid state batteries. They’re at the testing stage now and have 3X the power density of lithium ion batteries.

Big deal? Yes. that would give an electric car around 600 miles of range. And they recharge in 15 minutes and last 30 years.

Now all California needs is electricity.

#60 not 1st on 09.28.20 at 6:21 pm

#4 Bob Dog on 09.28.20 at 3:37 pm
Amazon is migrating another 3000 people to Vancouver to expand their sweat shop.

—–

Funny you mention Amazon, they dont seem to be paying taxes either. Looks like some people know how to use the tax code. But Amazon abuses the postal service on top of that.

Netflix uses public broadband backbone and doesnt pay taxes either.

But orange man bad.

#61 Lawless on 09.28.20 at 6:40 pm

Dave,

Good on you for defending your wife’s profession. That said, by my math a typical person works around 240 days per year and your wife works 193 days per year. So every week your wife works about 1 day less than a normal person. And she likely works 8:30 until 3:30 most days, which to be blunt is an hour and a half less than a basic work day (7 hours of work standard plus lunch, 5.5 hours work for your wife plus lunch). I get that most teachers work outside of their regular hours, but so do the rest of us. And nobody complains like the teachers about how hard they work like teachers despite the fact that they clearly work many less hours than the normal person. I for one wish teachers would stop whinging and acknowledge that they’ve chosen a great lifestyle job. Gold plated pension to boot.

#62 yorkville renter on 09.28.20 at 6:44 pm

1.29% ???

makes you wonder why a bank has to offer such a meager rate.

is it due to competition, or just the sheer balls of advertising a rate so low… and to the (generally speaking) least credit-worthy

#63 B on 09.28.20 at 6:49 pm

Grandchildren? I’m mid-thirties and am having serious doubts that my own children will have a livable world, let alone my grandchildren. Makes me wonder if long term investing is all for naught…

#64 Do we have all the facts on 09.28.20 at 6:51 pm

Why bother with facts.

When interest rates are low all debt is good.

Interest rates will stay at current low rates for decades

Housing prices will increase every year forever.

High unemployment is nothing to worry about

No matter what happens our governments will save us

In the words of George Orwell

“Doublethink means the power to hold two contradictory beliefs in ones mind simultaneously, and accepting both of them”

Canadians have come to accept the fantasy that our governments have created in place of reality.

Is that coffee I smell?

#65 John on 09.28.20 at 7:01 pm

Looks like we’re slowly but surely going towards negative rates. Get a mortgage and get paid lol

Negative rates (unlikely) would be not be retail. – Garth

#66 Hookshott on 09.28.20 at 7:04 pm

#61 Lawless on 09.28.20 at 6:40 pm
Dave,

Good on you for defending your wife’s profession. That said, by my math a typical person works around 240 days per year and your wife works 193 days per year. So every week your wife works about 1 day less than a normal person. And she likely works 8:30 until 3:30 most days, which to be blunt is an hour and a half less than a basic work day (7 hours of work standard plus lunch, 5.5 hours work for your wife plus lunch). I get that most teachers work outside of their regular hours, but so do the rest of us. And nobody complains like the teachers about how hard they work like teachers despite the fact that they clearly work many less hours than the normal person. I for one wish teachers would stop whinging and acknowledge that they’ve chosen a great lifestyle job. Gold plated pension to boot.
…..
If it’s so good, go to university for 5 years and join the crowd! Oh, and during the spring, many found out that teaching is not as easy as they previously believed!

#67 Penny Henny on 09.28.20 at 7:10 pm

A friend of mine not so recently complained about the sick day benefits she received from working directly for the Ontario government.
She complained that they only received 10 sick days at full pay, the next 140 (or maybe 190, I can’t remember) were only at 90%.
After I commented I’m not sure she was a friend anymore.

#68 Yukon Elvis on 09.28.20 at 7:12 pm

#57 Yacine Brahimi on 09.28.20 at 6:11 pm
bruh. 1%? that’s like, free money dude…. one question though? Can I qualify for a mortgage using CERB/CRB/EI/NEETBUX as income?
……………………………….

If you toss in your Canadian Tire money you should qualify no problem.

#69 Ponzius Pilatus on 09.28.20 at 7:16 pm

#64 Do we have all the facts on 09.28.20 at 6:51 pm
Why bother with facts.

When interest rates are low all debt is good.

Interest rates will stay at current low rates for decades

Housing prices will increase every year forever.

High unemployment is nothing to worry about

No matter what happens our governments will save us
————————-
Why bother with facts?
You finally come to that conclusion.
Facts are figments of one’s imagination.
Trump is a good example.
Pollster Sailo,
Do you count this as pro or con Trump?

#70 truefacts on 09.28.20 at 7:22 pm

DELETED

#71 Nonplused on 09.28.20 at 7:26 pm

But Biden was involved with the Ukraine. Hunter Biden that is. Joe was probably involved too but it likely doesn’t amount to much. He was VP after all so he would have had contact. But my guess is it was nothing more serious than Russiagate so it is best to move along. There isn’t anything to see here folks.

As for Trump’s taxes, also probably fake news and a big nothing-burger. How can we tell? Because of the dog that did not bark, that being the IRS. Trump gets audited every single year and each audit takes years. If there is anything material the IRS will get it. This is a process many large corporations go through. And then if we look at his personal income taxes, he’s been donating his whole presidential salary to charity ever since he took office so I don’t know how that works down there, if 100% is deductible, but if it is of course he isn’t paying much tax. But the bigger question is if the New York Times did get accurate information then from whom? That information is confidential and the IRS is not allowed to “leak” it. Trump has chosen not to release it and there is no law that says he has to.

Anyway the debates will probably be a big nothing as well. There is no way they are going to field any questions Biden can’t handle and anything Trump might say is pretty much in the public record on any possible subject at this point. He’s even addressed the tax issue many times. He’s going to say “they are under audit” and refuse to provide any more information beyond that.

Even if he gets asked the stupid “Will you peacefully leave office on Jan. 20th” question we know what the answer will be. If there is no clear winner of course he is going to demand a recount. If that doesn’t clear things up of course he is going to take it to court. But once the court or the senate or whoever it is makes the final decision, if Trump loses then come Jan. 20th he is no longer the president and there is nothing he can do about it. People are literally speculating he would launch a military coup if he loses. That is what this type of talk implies. But they are missing one clear and necessary component: The military. There is absolutely no evidence the military is in anyway inclined to back a coup. At least not for Trump. Far more likely they would back Biden if Trump wins.

So what is all this “Trump won’t leave the White House” talk about then once we understand that the odds he could do anything about it if he loses are about as close to 0.000% as anything can be? It’s called “framing” and it is a form of propaganda. The secret to it is not to try and convince people a coup is possible, clearly it isn’t, but to convince everyone that it is a foregone conclusion that Trump will lose the election. I should restate that again because it is important to understand: The purpose of the talk of a coup is not to suggest that it is possible, everyone knows it isn’t. But it brainwashes people to believe a Trump victory is impossible. It’s a very good psyop actually, and whoever came up with it should be commended for their skill. I think whoever came up with it must be the same person that provided the Clinton campaign with the “dark” strategy.

So anyway to conclude, if you believe Trump won’t leave office if he is not the duly elected or appointed president on Jan. 20th, you’ve been brainwashed. The outcome is not possible. But the real secret of the brainwashing was to make you believe a Trump win is not possible. Brilliant, actually. I wish I could manipulate people like that.

PS they are doing the same thing with the “dying wish” and “last year appointments” thing. See, what it does is it frames the conversation as if Trump won’t win, can’t win, and it is unthinkable that he would be president on Jan. 20th and therefore he should stop being president now. And that the republican controlled senate should also stop their work now.

RBG herself is on record saying that a president serves 4 years, not 3.

You are a more interesting person when not blindly, verbosely defending Trump. – Garth

#72 truefacts on 09.28.20 at 7:27 pm

Garth, I get that this is your blog – but why do you never post the links to actual videos which counter your points of view on Biden. You mention him in the post so it seems topical, so why would valid evidence (video doesn’t lie) not pass your screen?
I won’t keep beating a dead horse, but could you let me know what part of what I sent is “off-limits”?

I want a refund! (joke)

Your posts are partisan and irrelevant to the themes of this blog. Stop wasting your time. – Garth

#73 Editrix on 09.28.20 at 7:31 pm

I’ve been storing the family silver ever since I inherited it from my mother. Is now the time to cash out?

#74 DFO on 09.28.20 at 7:36 pm

You can get caught up in political parties all you want but at the end of the day, if you can’t afford to take your local MP out for surf and turf several times a year or arrange for other favours, you’re not actually influencing politics.

Trudeau is corrupt? Sure is! O’Toole is corrupt? Sure is! Jagmeet? Yep! All of these jerks owe someone something.

Why aren’t we going after the tax havens? Because CRA employees are too expensive? Really? Because we could snag billions and ensure we get billions more in the future!

Corporations have bought politics in north america full stop.

Human beings have been reduced to value through what they can contribute to corporations, not society.

Look at how we treat people with disabilities, addicts, the elderly, children. Can’t work in the mines? Well you must be lazy or a thief so we won’t even bother to give you enough to live on. Ever wonder why we even use the word disability? It’s because they can’t WORK. They can’t STUDY – thus they can’t CONTRIBUTE to corporate capital.

This is why the Dems are floundering in the US on facebook. No one wants to engage with a party that doesn’t have a real platform other than ‘The same crap it used to be before Trump came along.’ MOST people in the US are POOR and taken advantage of and that status quo basically sucks for them.

There’s going to be riots for months no matter who wins the US election.

Who gives a crap about imaginary debt? All countries right now are in the same craphole, the smarter ones are saving lives so they can have more taxpayers when COVID ends. The US is allowing deaths wholesale and will rue the costs this incurs in a few years.

At the very least we should all be uniting in our hatred for paying taxes by DEMANDING WE SAVE OUR FELLOW TAXPAYERS so we can spread the burden out!

#75 Joe Simple on 09.28.20 at 7:40 pm

Mail-in ballots are ok?
Aren’t the reports over the internet that ballots were sent to dead or out-of-state people correct?
How do you ensure the person mailing-in the ballot has not been pressured to vote for a specific candidate? How the secrecy of the vote can be enforced when you cannot ensure the voter was alone when making the choice?

#76 dogwhistle on 09.28.20 at 7:41 pm

#49 Sail Away on 09.28.20 at 5:27 pm

My thought? When there’s a mad king on the throne, it’s time to ruthlessly look after your own.

—————————————————–

Reads any post by ‘Sail Away’ (if only, Washington state is close to he/she/they/it) and then looks up:

https://www.dictionary.com/browse/sociopath

And also, it’s a Queen on the throne.
We’re not Americans. lol

#77 Nonplused on 09.28.20 at 7:44 pm

#3 BlogDog123 on 09.28.20 at 3:30 pm
So that new sick leave policy means 2 weeks on top of what I am already getting through my company policies? Does that mean my company will just cancel all sick days leaving me with just 2 weeks?

——————–

’tis an interesting question and I wondered it myself. Is it 2 more weeks of mandated sick leave that all employers must pay? Is it 2 weeks of sick leave the government will pay? If I already have 3 weeks vacation do I now have (cough, cough) 5? If I am unemployed how do I claim this, or am I simply ineligible as happened for so many people with the CERB program? If employers must pay for the extra 2 weeks does that mean they will be rolling back vacation to the mandatory minimums? Or is it 2 weeks unpaid leave? Do you need a doctor’s note?

This looks like another poorly conceived government policy that won’t work. But it will be popular. Who doesn’t want another 10 days off? (cough, cough). As long as I get paid though.

#78 crowdedelevatorfartz on 09.28.20 at 7:51 pm

@#73 Editrix
“I’ve been storing the family silver ever since I inherited it from my mother. Is now the time to cash out?”

++++
Only if the family silver was forged by Paul Revere during the American revolution…..otherwise…..melt it into silver bullets for the coming werewolf uprising…

#79 I'm downgrading ... on 09.28.20 at 7:52 pm

this Thanksgiving. With Covid I figure a chicken will sub for a turkey. A small roaster at that. Give a turkey a break this year …

#80 crowdedelevatorfartz on 09.28.20 at 7:54 pm

@#64 Do we have all the facts

“Canadians have come to accept the fantasy that our governments have created in place of reality.

Is that coffee I smell?

+++++

No.
You’re on my politically correct, gender neutral elevator.
Enjoy the ride.

#81 TurnerNation on 09.28.20 at 7:56 pm

Hey remember this guys? The high profile bankers and financeers pushing for 100 million people in Kanada.
Now where would all these people live?
Is this why they are destroying the main street small businesses, for new kandos?

Our elites always play the long game. While keeping us begging for CERB handouts.

https://www.centuryinitiative.ca/team/

#82 Garth's Son Drake on 09.28.20 at 7:59 pm

You have a better solution Garth?

Bill C-2 needs to get moving.

This Federal sick benefit is yuge. Gig workers getting slaughtered need backing.

It is either let the system reset (political suicide) or inflate out of this mess with collateral damage down the road.

Trudeau gets my vote now. Even more so now that Bill is gone.

I already told you – MMT has started, with Canada running the first experiment in the Western World, which includes UBI.

Don’t keep listening to talking heads like Evan and be caught on the wrong side of the trade.

The can still be kicked for decades. 1 trillion, 2 trillion, 10 trillion, who cares trillion it is never being paid back.

I believe there will be one more market buying opportunity before year end as things go to hell with virus, but after that you will have to wait another 10 years for the next cycle.

Housing is going to inflate like you have never seen before.

#83 joblo on 09.28.20 at 8:01 pm

More WE scandal,
this is boring.

#84 crowdedelevatorfartz on 09.28.20 at 8:01 pm

@#63 B
“Grandchildren? I’m mid-thirties and am having serious doubts that my own children will have a livable world, let alone my grandchildren. Makes me wonder if long term investing is all for naught…”

++++

Pffft.
I used to think in my Mid 20’s that I’d never see 65 so why bother saving.
I finally realized I was getting old on my 30th birthday…… 30! Gaaaaaaaaa !

Trust me when I say the next 30 years will go by like a ever faster, first time, bobsled run….insane speed, unexpected turns, and then Finished!

It’s better to have money invested at the finish line than WISHING you had money invested at the finish line.

I cant believe Sept is almost over….but since I’ve worked every day but two days in the past 6.5 months….time flies…… and then you pay taxes.

#85 crowdedelevatorfartz on 09.28.20 at 8:06 pm

@#34 Handsome Ned
” Zero Hedge comments are not for some of the sensitive readers of this blog”

++++
I would expect nothing less from Tyler Durden of Fight Club.

#86 Ed on 09.28.20 at 8:08 pm

Trudeau bragging today about how his government will plant 2 billion trees.

Trees planted by Trudeau’s Libs: ZERO

Trees planted by Syncrude Oil: 11,000,000+

#87 Nonplused on 09.28.20 at 8:12 pm

“You are a more interesting person when not blindly, verbosely defending Trump. – Garth”

——————————-

That wasn’t my intent. I was simply trying to peer through the media hype. It would be nice if either US political party could bring themselves to bring forward a reasonable candidate, and I think neither has.

Also I think that was a bit “ad hominem”. Even if I was defending Trump, does that mean it must de facto be “blindly”? (I will accept the charge of “verbosely” but not if specifically applied to Trump comments. That is just me on all topics.) Who is to say who is blind, Trump supporters, Trump haters, ore someone I would say I am more in the middle? Or are we all blind to some extent, defined largely by our prejudices? Followed by a swarm of comforting ideas?

So I am going to fix your response for you:

“I find you to be a more interesting person when not defending Trump. PS your comments are too long. – Garth”

I would never accuse you of saying something “blindly”, or at least I hope I never have after a couple of drinks. I guess you have the database, so if I ever did my deepest apologies. It is one thing to disagree on all matters large and small, quite another to say something like that.

#88 MF on 09.28.20 at 8:16 pm

I’m sure you calculated the unpaid lesson planning, staying after hours to help little Johnny when he’s struggling, calling little Johnny’s parents when he is bad, and endless marking in that little blurb right?

Good for teachers.

They didn’t cause this deficit. They weren’t the drive behind it. Leave them alone already.

MF

#89 They call me Evan on 09.28.20 at 8:16 pm

Hello Canadians.

I have taken to the public airways to warn Canadians against the dangers of housing. House prices are going to crash (hopefully you do not realize how weak and desperate this is my fellow Canadian listeners).

This is the only ammo I have left to try and sway the market from a big melt up. I said up (privately), not down.

But really Evan, who is listening to you? Are you going to resign if next year the magical forecasts of CMHC are wrong? And why the double down on public TV?

So, if you believe in my message, stay on the sidelines saving money while your rent skyrockets and enjoy a future of homelessness without gov support, or purchase a roof and some security that will be handsomely backed by the federal government, like it is today.

I have to confess though: at the bank they actually call me Earl and I am up all night, hustling hard. I smell BS a mile away. Want something with bite? Put it in writing and change the policies.

Until then, we will call this the all talk no action Evan trade.

#90 MF on 09.28.20 at 8:21 pm

#67 Penny Henny on 09.28.20 at 7:10

Yeah that’s it. Ruin friendships out of your sick day jealousy.

Go apply to be a teacher if it’s so good. How about that?

MF

#91 Lead Paint on 09.28.20 at 8:22 pm

This is a good read. Stop covering the US as if it’s a democracy.

https://thecorrespondent.com/698/dear-news-media-stop-covering-the-us-as-if-its-a-democracy/16288608270-e977e9fe

#92 Drinking on 09.28.20 at 8:29 pm

#19 crowdedelevatorfartz

Better yet; plant a garden in season; and do what our grandparents and parents did. The rest; who knows!!!

#93 Stay A Sleep or Wake Up on 09.28.20 at 8:30 pm

Where fools rush in. It is a trap to get you in deep debt. Garth is right. You better thank your lucky stars some one like Garth Turner is warning you. You better listen because it will be too late when you are sitting on $4,000 to $5,000 monthly payments before income taxes, C.P.P., E.I. other deductions and without including property taxes, utilities, food, auto insurance, car payments, gas, other living expenses etc. etc. for a falling asset called real estate.

Good luck Canadian real estate debt junkies.

#94 Jake on 09.28.20 at 8:30 pm

“11 sick days at 100% of salary”

Self-employed I never took 11 sick days in 25 years.

#95 Steven Nicolle on 09.28.20 at 8:32 pm

I guess Canada is the only country in the world that has a second wave coming judging by the comments of some readers here. The ones who complain of more deficit spending because some of you refuse to do something simple like wear a mask. You poor people who are having civil liberties taken away. Pathetic! Stop moaning.
https://bit.ly/30hlP3Z

#96 Sydneysider on 09.28.20 at 8:45 pm

#18 Ace Goodheart

The number of deaths is not something that politicians pay much attention to. There were about 300 excess deaths in BC in August 2020 relative to the 2017-2019 average (or 3332 deaths, the previous August high being 3075 in 2019). This is much higher than the total covid-related deaths (233) all year in BC.

#97 AM in MN on 09.28.20 at 8:46 pm

#10 Stone on 09.28.20 at 3:51 pm

As for the teachers, their union negotiated well. As the employer and union agreed to it, there’s nothing to gripe about it now. That’s what contract is all about. Tough nuggies.

————————————————–

They didn’t negotiate well, they won an election, and then some.

Check out the pay and pensions of bankrupt Dem run US Cities, makes the Canadian ones look like poor cousins.

This is the inherent conflict of interest with govt. workers taking political control of the budget that pays them. Always leads to bankruptcy eventually, no exceptions. They never see the long term value in allowing the economy to grow by leaving some in the pockets of the private sector.

Either they take the system down with them, or end up like so many retired Teamsters who were getting $2000/mo. and now getting $600.

They say they’re doing it for the children…

#98 TurnerNation on 09.28.20 at 9:00 pm

#17 Dolce Vita where are these troops going to…USA?
I’d always wondered was Iraq/Afgan with the battles in the streets and cities encircled a test run for what’s coming here.
They have lots of practice.

apnews.com › article › afghanistan-middle-east-islamic-…
Sep 9, 2020 – WASHINGTON (AP) — The United States will pull thousands of troops out of Iraq and Afghanistan by November, the top American commander …

#99 CalgaryCarGuy on 09.28.20 at 9:06 pm

Re #71 by Nonplused
Garth’s comment was–
You are a more interesting person when not blindly, verbosely defending Trump. – Garth
—————————————————————-
Nonplused is an Albertan. I’m an Albertan. Alberta is on the ropes these days and Trump is supporting projects that will help Alberta. Trump supports Keystone XL, Biden does not. Trump just authorized a massive railway project to be undertaken between Alberta and Alaska that will help us get our resources to market. So, yeah, I’m hoping for Trump to win….as an Albertan why wouldn’t I ? And I believe he actually will. Canadians don’t understand Americans in so many ways. I’m not saying I have a complete understanding of them sometimes either but to really simplify things down to the nitty-gritty the way I see their two political parties is this…..Republicans love classic America…the way it always has been and they really don’t want big changes to their way of life. They liked things the way they were. Thus the winning slogan of the last election “Make America Great Again”. Democrats are much more progressive and want to enact huge changes in America which of course will bring changes in people’s way of life. My point is that there is a much higher percentage of people in the U.S. than in Canada who want things to stay the same. They don’t want huge changes to their lifestyles and they will vote accordingly. Trump supporters get off their butts and get out and vote….just like last time. Democrats not so much. So yes, the upcoming U.S. election (and it’s aftermath) will be interesting to say the least. I’d rather have Trump than Trudeau as a leader All Day Long. “Make Alberta Great Again”. I respect you and your column Garth but I am at odds with you on this topic. Thank you to Nonplused for his often very thoughtful comments.

#100 Drinking on 09.28.20 at 9:06 pm

#73 Editrix

My opinion “NO”, now is the time to hoard more of it.That is just my observation, the rest is up to you!

#101 MF on 09.28.20 at 9:21 pm

94 Jake on 09.28.20 at 8:30

Sure. You chose to be self employed. Did someone force you?

If you don’t go to work you don’t get fired, or have to explain to anyone. Big difference between you and an employee who is afraid to call in sick while they are ill.

We’ve all been there. Sick but hesitant to call in sick because we need the money.

MF

#102 Ponzius Pilatus on 09.28.20 at 9:26 pm

#92 Jake on 09.28.20 at 8:30 pm
“11 sick days at 100% of salary”

Self-employed I never took 11 sick days in 25 years.
————-
But you’re your own boss.
Isn’t what it’s all about.
Can’t call in sick to yourself.

#103 ElonMusk fanboi on 09.28.20 at 9:34 pm

#18 Ace. “0.2% Fatality rate”

Depends on your age group. These are the current CDC iFR figures. I.e fatality rate if infected.

0-19 99.997%
20-49 99.98%
50-69 99.5%
70+ 94.6%

The simple reason it’s killing more people is its way more infectious than say flu.

I think your take on events is gonna be close.

We’re stuck in never ending semi lockdown purgatory.

Cases #s are now panic porn, never mind basically no one is dying from it now in Canada, numbers are single digits daily or weekly. Average age of C19 death is older than average life expectancy.

This is now an exercise in how compliant civilians will be, and for how long.

#104 Phylis on 09.28.20 at 9:35 pm

#91 AM in MN on 09.28.20 at 8:46 pm

I found driving thru then bankrupt Detroit on the Interstate interesting. The highway lights were actually turned off.

#105 Person, woman, man, camera, TV on 09.28.20 at 9:35 pm

Unacceptable! It’s fixed!

https://twitter.com/realDonaldTrump/status/1310588453277650945?s=19

#106 not 1st on 09.28.20 at 9:53 pm

I see Quebec locking down again tonight.

We will kill ourselves with these idiotic mandates long before that virus is ever eradicated.

#107 conan on 09.28.20 at 9:55 pm

The worst news would be to see the same happen in Canada.- Dolce Vita

I think the Conservatives are working towards that sadly enough. I read and watch enough politics to see it unfolding.

Biden is pretty well a shoe in. Some estimates put him at 370 electoral votes, and that was before everyone knew Trump owes somebody ( the Russians) 420 million dollars, and perhaps 100’s more to the IRS.

#108 MaryEn on 09.28.20 at 10:43 pm

56
Thank you Flop, I haven’t seen this one.
Btw. Do you have an idea why companies who rent properties prefer to keep them empty then to lower the prices? Do they expect rents’ increase? Honestly, the more I learn about the RE market in Vancouver, the less I understand it!

#109 Chester in Fall on 09.28.20 at 10:57 pm

No
No
No
Yes
No

#110 The Mistake by the Lake on 09.28.20 at 11:00 pm

Debate will be comedy gold….. the Trumpster will find some way to find some previously unimaginable inane lowpoint of stupidity….Biden is good for one of his crazy gaffes……. but none of it will matter.. the debates are irrelevant ….99% have already decided.. just a question of who shows up to vote…. the trumper’s chances of winning are still pretty good.

Are you entertained!

#111 the Jaguar on 09.28.20 at 11:28 pm

Third rail: = a subject or issue considered by politicians to be too controversial to discuss.

It’s possible that the principle of ‘third rail’ also applies to regular citizens bringing up ‘certain individuals’ sometimes known as ‘ he who cannot be named’ without risk of blowback from his detractors or his supporters, and sadly also those who are neither and really not ‘invested’, but still enjoy a good horse race.

So why not just sit tight for the next 30 or so days and let the Republic of the United States of America make its own decisions about its future. Dog knows we have enough of our own problems here at home, and maybe that deserves our attention.

Anybody know any good jokes? Here’s mine:
Guy walks into a bar with a pig on his shoulder and the bartenders sez ‘where’d you get the pig’?
Pig sez ‘ I won him in a raffle’. Baa daa bing!

#112 Chester in Fall on 09.28.20 at 11:35 pm

“””Netflix uses public broadband backbone and doesnt pay taxes either.””””

No , but we are now bombarded with French B movies with English subtitles, thanks to Trudeau.

Cancel your Canadian netflix…

#113 Jerry Halston on 09.28.20 at 11:45 pm

Did anyone ever here of banks, financial institutions, mortgage companies etc. calling in loans. It happened big time in the 2008 global financial crisis. It will happen over the next 12 months. Don’t be surprised debties.

#114 Sean on 09.28.20 at 11:51 pm

1) CERB cannot be stopped – that would equal political suicide. It can and will be adjusted and morphed to satisfy various accounting or political norms, but bottom line is bailouts for the masses and zombie businesses are here to stay (I have said this months ago).

2) Next prediction: in next 5 years neither taxes nor interest rates will not be raised in any meaningful way. Political parties lose votes and budget deficit drops from 500 to 490 billion dollars. Why bother? Why not increase the budget to 510 billion and “invest in recovery”? Can the guy who wants to increase taxes or lower deficits win an election?

What follows is bailouts for all until paper currencies (and maybe entire countries) collapse. Lower living standard and declining property rights for all peoples who chose to depend on government redistribution (pretty much the entire world). Wealth destruction on a massive scale.

#115 Francesca DiNapoli on 09.29.20 at 12:18 am

I have worked for 46 years in 3 different restaurants and had maybe a total of 10 days called in sick. I never thought I was entitled to get paid sick days.

I was diligent and worked hard 50 to 60 hours weekly for my first 30 years and 40 to 45 hours weekly for the next 16 years. I got my over time, tips and just paid off my debts in 10- 12 years, saved my money like crazy in GIC’s, OSB’s, RRSP’s, TFSA’s, non-registered dividend stocks DRIP’s for decades plus some REIT’s and utilities for the last 20 years.

Now, I just live off 50% of my dividends and interest which is $20,000 of $40,000 a year and got my full first C.P.P., OAS which is $1,300 a month as I am 65 years old. I will finally max out my TFSA’s and keep up some repairs, maintenance on my modest $575,000 house here in Hamilton.

There is too much entitlement in our society especially with the younger generation. There is too much expectation of debt being free money in our society. This will not be good for Canada and it’s citizens in the next 10 years.

#116 stage1dave on 09.29.20 at 12:33 am

#18 Ace Goodheart

Great post! I’ve kinda tuned out of politics (on both sides of the border) since we hit peak covidiocy, but the recent entertainment value is priceless…the tone of the debate continually hits new lows, there’s no discussion about solutions ’cause nobody wants to mention the causation, and the “news” has turned into a 24-7 breathless itinerary of case reports, wildfire destruction, and whatever American city is currently rioting. Or govt press briefings…Gainsburgers!

Solutions? Who needs ’em…as Dr. Foth wrote over 3 decades ago, newscasting has turned into “infotainment”. Reaching farther back, the old adage of a naked woman with her throat cut running down the street comes to mind…a person is horrified, shocked, and intrigued all at the same time, but doesn’t look away…and most don’t help…or want to get involved.

The cult of personality has become predominant methinks. In the meantime, the spectacle (OK, the potential spectacle) of a Trump/Biden debate reminds me of 2 bald men fighting over a comb…think I’ll just catch the hilites later on.

In the meantime, spent an enjoyable afternoon with our RE agent and her hubby yesterday and she mentioned she’s never had so many requests for acreages/country homes from city folk. In 40 yrs of selling and listing, she’s never seen an exodus from the city. She and her daughter are working 24-7.

Apparently, a few other peeps are figuring out a bit of social distancing is not a bad thing…the wife and I started practicing that a decade ago. Still renting btw, no point in wiping out car and opc budgets with down payments! Plus, bit of a tax obligation coming up in the new year because the work has stayed fairly steady thru spring and summer.

Haven’t had to claim any CERB benefits or other govt help either. Hear lots of horror stories, but they’re all second (or third) hand…no direct experience.

Like everyone else tho, I’m kinda nervous about whats gonna happen when the bill for all this comes due…in the meantime, the social costs of all these lockdowns is liable to be catastrophic.

#117 Nonplused on 09.29.20 at 1:22 am

#99 CalgaryCarGuy on 09.28.20 at 9:06 pm

” Thank you to Nonplused for his often very thoughtful comments.”

Well thank you for saying that but I think I need a disclaimer like Garth has at the bottom of the page. Sometimes they are not very well thought out and nobody should take my advice without consulting a qualified mental health professional.

And yeas I am from Alberta and am horrified by what has happened to our fine province and the prospects to come. I could sort of see the writing on the wall if there was some sort of reasonable alternative like Gen IV in the pipeline, after all the oil isn’t going to last forever, but all the proposals so far equate killing the whole economy so we can kill Alberta.

Also I want to fix Garth’s comment one more time:

“I find your comments more interesting when not defending Trump. PS your comments are too long. – Garth”

Garth and I have never met, and I don’t know that he would find me interesting in person. We are sort of like Facebook frenemies. That said I would like to meet him if he can forgive me for riding a metric bike.

#118 Abolitionist on 09.29.20 at 1:28 am

#98 TurnerNation – US-CDN border militarized in early 2020 and highways still closed.

US-Mexico border open and moving pretty freely.

Think they can see blue helmets coming from the north?

#119 Nonplused on 09.29.20 at 1:33 am

#19 crowdedelevatorfartz on 09.28.20 at 4:03 pm
Wow!
Bury your bullets, beans and bullion in the back yard……

————————————

Where I live the ground is frozen 5 months out of the year so it would be a while before I could return fire.

#120 Nonplused on 09.29.20 at 1:44 am

#73 Editrix on 09.28.20 at 7:31 pm
“I’ve been storing the family silver ever since I inherited it from my mother. Is now the time to cash out?”

Nope. But don’t think of it a a financial investment either. It’s a heirloom. Like a grandfather clock or something.

#121 Nonplused on 09.29.20 at 1:53 am

On teachers….

I don’t like that they have a union and can go on a strike that is almost as disruptive as covid. But please people the invisible hand works here too, it just takes longer. If teachers had such an unfair advantage the universities would be crushed by students and the available talent pool of unemployed teachers would give the school boards negotiating powers.

You can’t tell what someone should be paid until you let the market work it out. There is no “should”. There is only supply and demand.

#122 Teetime on 09.29.20 at 2:15 am

Nonplused, I did see you comments as being
quite logical about the process of Trump’s departure from office based on election results, and not an endorsement of Trump, good defense. As an aside I was surprised to hear in conversation last weekend that some Canadian snowbirds are still planning their return to Florida for the winter. Apparently if you fly there there are no retrictions to Canadians. Some folks have their flights booked already though one couple was holding back until after Nov. 3.

#123 Zank Frappa on 09.29.20 at 5:00 am

#18 Ace Goodheart nails er! Spot on. Check what happens after Davos next January.

Oh…. and Big Thanks Garth for all your helpful B&D portfolio advice.

#124 belly rubs on 09.29.20 at 5:48 am

#37 Apocalypse2020 on 09.28.20 at 5:01 pm
…stock up on supplies and get yourself a rural remote property… PREPARE

This made me chuckle. I live on one of those “Edens” and I was thinking this was a good time to get an apartment in a deserted downtown highrise. The bear stole my 20 litre gas can. 3/4 full of premium. He carried it off to a back pasture where he chewed it up. Who does that? Deer in the garden, caterpillars on crops, owls, squirrels, water rats, beavers, ducks– and most looking for a handout. There is so much commotion on the farm, sometimes I take a moment to just sit in a parking lot when I go into town. And the work never ends. Something is in the roof as I type.

Fair warning, rural experiences may include wonder, horror, anguish, elation, griping, and rare glimpses of contentment. However, the news fades in importance when you’re looking at your universe in a shovelful of dirt. No guarantees on a good harvest. Nobody I know is 100% off grid. You always need parts, ingredients, fertilizer, octane, irrigation line, fittings, tools, pumps, canning lids, troughs, fencing, a 12mm ratchet wrench and on and on. You may need an eight ton log winch and a quality chainsaw, and not by choice. The one person I know who lives almost completely off grid–and successful at it– is a single female in her late fifties, with her own self built windmill, geothermal, bees, and a woodlot on about 40 acres. She makes extra bucks selling preserves at the farm market and by sharpening mill saws. Even she orders online.

#125 MF on 09.29.20 at 6:35 am

20 Nonplused on 09.29.20 at 1:53 am

You need to revisit history. How did “supply and demand” work during the industrial revolution?

Did workers get paid properly?

I’m all for debate about salaries, but history has shown the idea that employers can be 100% trusted is false. Some oversight and protection has proven to be necessary.

MF

#126 MF on 09.29.20 at 6:51 am

97 AM in MN on 09.28.20 at 8:46 pm

What a joke of a comment. Not unexpected from you though.

Go look at the Ontario teacher pension fund as an example. It’s worth about 200 billion and is heavily diversified. Last year the surplus was something like 8 billion over liabilities.

If you expect them to go under, you expect the entire market to go under too, including, I assume, your own investments. Not good.

Moreover, you assume 1) those teachers don’t earn their salary 2) they don’t consume and support the private sector with said salaries, especially when the business cycle hits the inevitable poop fan.

Canada isn’t the US. Our educational system is not the US. Our cities are different than American ones. Your comparison is way off. Do you wear bell bottoms and listen to disco? Because your entire mindset seems like it’s from the 1970’s when it comes to this.

MF

#127 YouKnowWho on 09.29.20 at 7:26 am

#18 Ace Goodheart

The numbers are all open to interpretation in many ways. Anyone thinking from the start saw the HUGE data gaps.

Regular flu kills 650k people each year apparently with not a beep in TV for example. But those are estimates and there is no vigorous count each year like we have with Covid. Could this regular flu number be double or triple each year – entirely possible. No one has ever counted accurately like with Covid. Oh, and while we’re talking flu, seems like the flu is all but disappeared somehow. Data, where available seems to point that this 650k annual flu deaths is down to dozens.

For a long time I didn’t question Covid death numbers because I thought what they padded they perhaps overlooked in other countries, but as I’ve read those WHO death classification directives shared on here, it made me wonder.

As for testing, we have to stack a whole bunch of data. First, general population immunity seems to indicate 10-20x confirmed case count as a % of population in places. Well, you then have to divide deaths by that larger infected case number. Seems many have cases so mild, they don’t know they have it or they don’t bother testing.

Then the test accuracy is a whole other ballpark as well. We have to keep false positive and false negatives in mind, but more importantly what many don’t understand is that % of population tested has a huge impact in test accuracy. At least we’re into double digits there, but how many multiple tests to same individuals are in there as well? Do they count the NBA player that had to be testes 100 times while in the bubble for example?

#128 crowdedelevatorfartz on 09.29.20 at 7:44 am

@#88 MF
“They didn’t cause this deficit. They weren’t the drive behind it. Leave them alone already.”

+++
You left out the free Belly Dancing lessons or free Yoga lessons offered to our intrepid, hard working teachers on their “Professional development” days…..2 weeks after the school year began…..after 5.5 months off…….

Critisism from the real world sometimes hits hard.

#129 Another Deckchair on 09.29.20 at 8:31 am

@114 Francesca

We are about the same age, with about the same work ethic.

I’ve come to the following conclusions, though:

1) People really want the financial assets that we have, but don’t want to work for them like we did;

2) The Government REALLY wants our financial assets, and will do a good job getting them;

So, we are toning down our lifestyle, and thus substantially reducing our cash outflow to give us a good buffer. We are actually really enjoying this simplification process.

The people who are going to get run over are the Millenials, because when they figure it out (if they do – lots of very smart cookies there, but quite a few brainwashed ones) it’ll be too late.

But the people who are REALLY going to get run over are the youngsters with the work ethics that they have picked up from their parents or grandparents. These are the good people who should be creating jobs and wealth and happiness, but they’ll face strong headwinds.

#130 crowdedelevatorfartz on 09.29.20 at 8:50 am

@#126 MF
“Go look at the Ontario teacher pension fund as an example. It’s worth about 200 billion and is heavily diversified. Last year the surplus was something like 8 billion over liabilities.”

++++

Not for much longer.

The ratio of Working teachers contributing to the pension vs pensioned teachers.

1970 11 to 1
2020 3.5 to 1

I believe an oil man once described the inevitable outcome as ,

“I’m going to put a straw in the ground and,…..suck it alllllll up”

Interesting article from 2019

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-how-does-the-ontario-teachers-pension-plan-stack-up-against-the/

A few highlights.
Ontario Teachers can retire with a pension at 53

Ontario Teachers contribute 10% of salary and the taxpayers match it with 10%…

Ontario Teachers are retiring at a younger age, living longer, thus causing strain on the entire pension system.

Which begs the eternal question,
” Who pays for the yoga lessons in the retirement home?”

#131 KNOW IT ALL on 09.29.20 at 9:14 am

COVID-19 = 1,000,000 DEAD!!!!

and counting.

#132 Jake on 09.29.20 at 9:25 am

#101 MF, #102 Ponzius Pilatus

You missed the point, probably because neither of you have worked for yourselves. Most self employed people have little to no backup. You don’t show up, you don’t get paid or you lose the contract.

#133 not 1st on 09.29.20 at 9:35 am

#117 Nonplused on 09.29.20 at 1:22 am

Hopefully your polite discussions will continue.

US wont be the only place ready to rip itself apart.

http://www.affordableenergy.ca/an_in_depth_study_of_trudeau_s_second_carbon_tax

#134 YouKnowWho on 09.29.20 at 9:37 am

#18 Ace Goodheart

Here is how that whole thing works. Let’s take our neighbours to the south, New York State, which we can agree has been a) hard hit b) transparent with Cuomo loving the spotlight c) had good testing d) shared a lot of date e) most importantly did general population tests.

Starting data points.

New York State
Population 19.45m
460,000 Covid-19 cases
32,722 deaths

New York City
Population 8.4m
247,000 Covid-19 cases
23,801 deaths

Antibody test done in the city and state pointed at 20%+ of NYC residents having antibodies and if I recall state wide the number was 13% – but can’t find the article with results right now. (FOUND IT, link below) Here is the NYC article:

https://www.nytimes.com/2020/08/20/nyregion/nyc-coronavirus-antibody-testing.html

Let’s get to some NYC math first. KEEP IN MIND please the data points are points in time. Antibody tests were done few months ago (when case/death numbers were lower) and I’m using today’s case/death counts assuming that % of antibody individuals is same – when it could easily be higher at this point.

So first 247,000 divided by NYC population – we get 2.94% of NYC residents had Covid-19 confirmed by test.

But 21% have antibodies – 7.14x more. Meaning, for every case confirmed by test, there appear to be 7.14 cases not tested for.

Therefore, 1,763,580 would be the logical number of NYC residents who were infected by Covid-19 and have the resulting antibodies.

Now, with the death numbers we can argue all we want about accuracy, if they are padded, if many near death patients were attributed Covid-19 even though they were about to pass on. But for this exercise, let’s keep those numbers AS-IS, assuming any over counting/padding is offset by missed numbers.

So for death rate vs. REAL number of cased in the wild, we have 23,801 divided by 1,763,580 – giving us…are you ready for it. 0.135% effective death rate.

STUNNING DATA right?

Let’s move onto New York State

460,000 divided by 19.45m – 2.365% of New York State residents confirmed with Covid-19

FOUND IT! 13.9% of of New York State residents have antibodies.

https://www.cbsnews.com/news/new-york-coronavirus-13-9-percent-coronavirus-antibodies-covid-19/

But the antibody test showed 13.9% divided by 2.365 is 5.877

Meaning 5.877 times more people have antibodies than positive tests confirmed. HOW did they get them? Their bodies made them because they had Covid-19 not confirmed by tests.

Now, 460,000 confirmed cases with tests x 5.877 actual antibody presence in NY State general population multiplier, we get 2,703,420 total individuals in New York state who had Covid-19.

Again, we take the deaths (even if padded) at face value. So 32,722 Covid-19 NY statewide deaths divided by 2,703,420 – OH NO 0.121% death rate.

Now, I CANNOT be the only person who put this clear data and logic together – can I?

I surely cannot be the only person that has done the math on good quality data out of New York City and State that CLEARLY shows the death rate on Covid-19 is sub 0.2% – below that of a the flu.

#135 Gregor Samsa on 09.29.20 at 9:37 am

Pretty disgusted by the censorship Garth, you think that you of all people would know better. Now I am the one who knows better. How many posts have you had to purge in the past 24 hours to try and keep up your failing narrative? Be honest.

When you have something useful to contribute to the discussion, it will be published. – Garth

#136 Dharma Bum on 09.29.20 at 9:39 am

#73 Editrix

I’ve been storing the family silver ever since I inherited it from my mother. Is now the time to cash out?
——————————————————————–

The time to have cashed out was the second you inherited it.

You’re in for a big disappointment when going out to hock that silver.

It’s all going to go for melt value.

Unless, by some slim chance that you inherited some particularly rare and valuable antique piece that is desirable for its intrinsic existence (highly unlikely), you’ll be getting the retail market “sell” rate for the melted value. Have fun dealing with the shyster retail silver buyers out there.

Take the money and run. Invest it immediately.

The increase in the invested value of the cash received for inherited silver far outweighs the increase in the silver value itself.

This is not the 1800’s. Silver is nothing.

#137 TurnerNation on 09.29.20 at 9:39 am

#81 TurnerNation on 09.28.20 at 7:56 pm

(Slow day replying to own post…)
Here is the evidence.
Look at these shuts downs, maybe 10 in all. All in downtown Toronto. By the New System Health Stasi.

Beside or nearby all these locations is New Condos, or planned condos, or ripe land for condos. Things that make you go hmm.
The corporate chains seem unaffected; only Independent eateries getting shut down.

https://www.blogto.com/eat_drink/

#138 YouKnowWho on 09.29.20 at 9:40 am

HEY, check my math on post above please and audit. It’s morning and I’m on my first cup of coffee still. Simple math, but, worth doing it JUST IN CASE.

#139 not 1st on 09.29.20 at 9:40 am

Quote from that study;

Our research has demonstrated that the proposed CFS regulation will lead to approximately 30,000 job losses nationally and will put approximately $22 billion of capital at risk of exiting the country to avoid investment losses.

Anyone still thinking of keeping their peso investments in canada is just so patriotic and precious.

It will be frozen Venezuela in 4 yrs.

#140 crowdedelevatorfartz on 09.29.20 at 9:41 am

THIS kindergarten Teacher is applying for a work exchange to Ontario after he heard about the generous pension plan…..

https://nationalpost.com/news/teacher-says-his-tattoos-and-surgically-blackened-eyes-cost-him-his-job

#141 YouKnowWho on 09.29.20 at 9:44 am

Also, Re-antibody tests.

Keep in mind that antibodies decrease over time, and the tests are more accurate in certain time bracket after exposure.

The point is – that even with the high general population anti-body results out of New York City, and New York State, there is a big possibility that the % of those with anti-bodies is much higher, as those IgG IgM tests have a sensitivity/accuracy period and they may not confirm antibodies for many. For example, as I posted before…

Tests of the IgG and IgM antibodies at 8 to 14 days after onset of symptoms correctly identified only 70% of people who had COVID-19. However, when the researchers looked at data reported at between 15 and 35 days after symptoms first began, antibody tests accurately detected over 90% of people with COVID-19.

So you can see 30% of those tested 8-14 days after Covid would not see a positive results for antibodies, even though they have them.

What does this all mean – it means that the actual % of antibody numbers used for above death rate calculations is actually higher, meaning it would increase the multiplier on confirmed positive cases, and thus bring down the death rate further below the .1% that comes out in the calculation of the data and logic.

#142 Dharma Bum on 09.29.20 at 9:45 am

You can compare the working life of teachers to all other professions ad nauseam.

153 days vs 179 days….or WHAT-E-VERRR.

Despite all the stupid comparisons, the fact remains that
TEACHERS GET THE ENTIRE SUMMER OFF!

Then they spend the rest of the year whining about how unfair everything is and how tough they have it.

Fact are facts.

I rest my case.

As you were.

#143 not 1st on 09.29.20 at 9:51 am

DELETED

#144 Stone on 09.29.20 at 10:00 am

#106 not 1st on 09.28.20 at 9:53 pm
I see Quebec locking down again tonight.

We will kill ourselves with these idiotic mandates long before that virus is ever eradicated.

———

I’m happy you’re just a useless, online troll with idiotic opinions.

#145 Gonkman on 09.29.20 at 10:04 am

#134 YouKnowWho on 09.29.20 at 9:37 am

*****************************************

SHHHHH… No Facts or Science allowed.

– Conform to the Fear
– Our Models Say Death is coming
– Do Not Question Our Great Leaders
– Wear your Mask
– Shut up and be a Good Sheeple.
– No Thinking for yourself allowed

Now Tune into MSM daily for your Fear Injection

Only 36 Days Until COVID is dead.

#146 YouKnowWho on 09.29.20 at 10:04 am

You want FEAR! I’ll give it to you.

World population is 7,800,000,000
Crude Death Rate is about 8 world-wide, per 1000.

That means 62,400,000 DIE EACH YEAR from having LIVED! OH THE HUMANITY!

Imagine if the news reported this to you. You would be paralyzed, and scared of…living.

I give you a song by the entirely under appreciated Depeche Mode, with Martin Gore (what a last name, right?) – a musical genius who has written an incredible and as noted under appreciated catalog of music.

The appropriate song here is “Fly on the Windscreen”

And yet, while it is about death, it TOTALLY fits in my “Humans not being able to touch each other” series of music. AMAZING!

https://www.youtube.com/watch?v=IFEGN9ja5RU

AMAZING tune – so new wave, so clear.

Lyrics go like this…

Death is everywhere
There are flies on the windscreen
For a start
Reminding us
We could be torn apart
Tonight

Death is everywhere
There are lambs for the slaughter
Waiting to die
And I can sense
The hours slipping by
Tonight

Come here
Kiss me
Now
Come here
Kiss me
Now

#147 Tater on 09.29.20 at 10:09 am

#132 Jake on 09.29.20 at 9:25 am
#101 MF, #102 Ponzius Pilatus

You missed the point, probably because neither of you have worked for yourselves. Most self employed people have little to no backup. You don’t show up, you don’t get paid or you lose the contract.
————————————————————–
Most self-employed people would probably be better of in a partnership where they have someone to back them up.

Of course, that would mean giving up some of the independence that is the whole point of being self-employed. Huh, who knew life involves trade-offs?

#148 YouKnowWho on 09.29.20 at 10:17 am

Just rocking “Fly on the Windscreen” by Depeche Mode

WHAT A SONG!

WHAT AN ALBUM! By the way, the album is called Black Celebration.

The rest of the song lyrics…including the all important part about TOUCH!

Death is everywhere
The more I look
The more I see
The more I feel
A sense of urgency
Tonight

Come here
Touch me
Kiss me
Touch me
Now…

#149 YouKnowWho on 09.29.20 at 10:22 am

#145 Gonkman

How can you look at that data, and then say the whole thing passes the smell test?

Something stinks for sure.

#150 Jay on 09.29.20 at 10:22 am

Speaking of sick days. The official process for having a regular cold right now is so disrupting and ridiculous everyone is trying to hide symptoms. A regular cold just ran through our family this weekend if we followed the official rules this is what we would have needed to do, even though sore throat and runny nose is not a common symptom of this virus.

– Kids home from school for 10 days minimum, and must get a test, test must come back negative (right now a 7 day backlog on testing and 3 days to get results)
– Both parents stay home for 14 days as per company policy and must also get a test. Even if its negative, still not allowed at work just in case its a false negative??
– Kids cant go to sports or any other activities we signed up and paid for for at least 2 weeks and they want to see a negative test.
– Kids miss out on over a week of school (they are already a half year behind due to the spring shutdown, and seem to have no intention of sending home work to do over this period)

So what is the solution, we pretend we went on a vacation with the family, we hunkered down in the house for 3 days and the cold went away. everyone is back to 100% now and were sending the kids back, teaching them to lie about their previous symptoms.

I have tonnes of sick days at my office job, do i dare use them? Hell no. Thanks for the help government! you have given us no choice other than to lie due to this complete overreaction.

#151 crowdedelevatorfartz on 09.29.20 at 10:31 am

@#142 Dharma
“TEACHERS GET THE ENTIRE SUMMER OFF!”
******

You omitted 2 weeks at Christmas break, 2 weeks at Spring Break and approx. 7 “Pro-D” days dabbled amongst the school “year”……….

The 11 sick days are just the icing on the cake……..

I need a free yoga lesson …. I’m so stressed.
:)

#152 joblo on 09.29.20 at 10:45 am

Video Dispatch I: Future Crises in the Making
By Peter Zeihan on September 29, 2020

https://youtu.be/PLx2IZUHlqk

#153 Yukon Elvis on 09.29.20 at 10:47 am

DELETED

#154 mike from mtl on 09.29.20 at 10:50 am

#18 Ace Goodheart on 09.28.20 at 4:02 pm
///////////////////////////////////////////////////////

+1

Yes, I really don’t understand why globally nearly every government seemingly suffers mass psychosis.

It should be crystal clear now what this virus is about and the risks involved. Unfortunately it’s too late to change course – no major government would openly admit gross error or all this was an overreaction.

Now QC will be regressing to semi-lockdown again, I fully expect ON to follow. Two reasons I can think of.

1, Yes exponential case increases would lead to hospital overflow and excess deaths.

2, We see exponential case increases surpassing the first peak, but it does not translate to serious hospital stays, ICU or deaths because it’s getting the lowest risk group. Then the public will realise all these lockdown measures were all for nothing, you can imagine the backlash.

#155 Jake on 09.29.20 at 10:54 am

#147 Tater

Self employed individuals that have built a business with employees and management will have some leeway to take time off in sickness. But, guaranteed unless they are flat on their back they will be working from home still. You don’t build a business taking 11 working days off per year. Sole entrepreneurs on the other hand are completely vulnerable to any time off.

#156 Damifino on 09.29.20 at 11:01 am

A Vancouver hotel is offering rooms on a daytime basis for those tired of working from home…

https://www.citynews1130.com/2020/09/28/vancouver-hotel-rooms-work-from-home/

#157 Sail Away on 09.29.20 at 11:02 am

#201 Sail Away on 06.02.20 at 11:24 pm

In return, I offer Innodata (INOD).

—————

Hey, did anyone take a position in INOD? Up about 87% since June… just sayin’.

Or was investing forgotten in the panicky Corvid scrum?

#158 YouKnowWho on 09.29.20 at 11:11 am

1% death rate in NY not .1!

Told you it was early!

But that’s still just 3-5 times as bad as flu, it 25-35 times as were lead to believe.

#159 Damifino on 09.29.20 at 11:19 am

#140 crowdedelevatorfartz

Wow! That’s one deeply disturbed dude. It’s enough to give an adult bad dreams, let alone little kids. My grade two teacher was a tyrant, but at least she looked human.

#160 Tater on 09.29.20 at 11:36 am

#150 Jay on 09.29.20 at 10:22 am
Speaking of sick days. The official process for having a regular cold right now is so disrupting and ridiculous everyone is trying to hide symptoms. A regular cold just ran through our family this weekend if we followed the official rules this is what we would have needed to do, even though sore throat and runny nose is not a common symptom of this virus.

– Kids home from school for 10 days minimum, and must get a test, test must come back negative (right now a 7 day backlog on testing and 3 days to get results)
– Both parents stay home for 14 days as per company policy and must also get a test. Even if its negative, still not allowed at work just in case its a false negative??
– Kids cant go to sports or any other activities we signed up and paid for for at least 2 weeks and they want to see a negative test.
– Kids miss out on over a week of school (they are already a half year behind due to the spring shutdown, and seem to have no intention of sending home work to do over this period)

So what is the solution, we pretend we went on a vacation with the family, we hunkered down in the house for 3 days and the cold went away. everyone is back to 100% now and were sending the kids back, teaching them to lie about their previous symptoms.

I have tonnes of sick days at my office job, do i dare use them? Hell no. Thanks for the help government! you have given us no choice other than to lie due to this complete overreaction.
———————————————————–

Sad. You have sick days, but won’t use them and tell your kids to lie on your behalf. Pathetic parenting.

#161 WAKEUP on 09.29.20 at 11:46 am

Wow that’s all I can say after reading theses comments.
I don’t care what teachers do or don’t make.

My main concern is if the kids are a actually learning life skills instead of burning time being baby sat.
How about learning about financials from an early age for starters?
And go from there?

Re Trump and Biden the only two choices.
Who would you want at the helm?

I’d personally trade Trudeau for Trump and throw in a pipeline.

Ever read Trudeau’s glowing opinion of Castro?
That’s a boiling pot indicator fellow frogs.

https://pm.gc.ca/en/news/statements/2016/11/26/statement-prime-minister-canada-death-former-cuban-president-fidel

#162 NSNG on 09.29.20 at 11:50 am

Ladies and gentlemen,

….and miscellaneous…

A newly released memo from the CDC declares that the death rate for humans is still one per person.

Thank you for your time.

#163 IHCTD9 on 09.29.20 at 11:51 am

The spending will continue. We are on our way to a $500 billion one-year deficit. Harper’s credit crisis x 10.
___

I’m not even a crusty old curmudgeon yet, but already the Canada I knew growing up has become unrecognizable. Too much change, way too fast. Now Trudeau is literally tossing whatever remains of Canadas’ future in the trash bin in just a few years.

I can barely absorb the insanity it’s coming at me so fast.

I’m pretty much down to just dodging taxes, claiming handouts, and worrying about the currency. Anything else Ottawa opens its yap about is meaningless at this point.

#164 justdeleteitifyoudontlikeit on 09.29.20 at 11:54 am

“Our research has demonstrated that the proposed CFS regulation will lead to approximately 30,000 job losses nationally and will put approximately $22 billion of capital at risk of exiting the country to avoid investment losses.”

Whose research? No info on who’s behind that astroturf campaign, but the three principals mentioned on their ‘about’ page. One’s a consultant, one’s the guy who runs a gas price website, and one’s the CEO of a company whose stock is down 80% during his tenure, with no dividend. Wanna know who’s putting capital at risk of fleeing the country? THAT guy! Get your money out quick, before he runs it through the green line and sends any leftover chips to be pulped!

#165 School's out for summer! on 09.29.20 at 12:22 pm

142 Dharma Bum on 09.29.20 at 9:45 am
You can compare the working life of teachers to all other professions ad nauseam.

153 days vs 179 days….or WHAT-E-VERRR.

Despite all the stupid comparisons, the fact remains that
TEACHERS GET THE ENTIRE SUMMER OFF!

Then they spend the rest of the year whining about how unfair everything is and how tough they have it.

Fact are facts.

I rest my case.

As you were.
….

Yeah, as a kid I would have much preferred to spend my summer in school…

#166 KLNR on 09.29.20 at 12:23 pm

@#131 KNOW IT ALL on 09.29.20 at 9:14 am
COVID-19 = 1,000,000 DEAD!!!!

and counting.

wonder if we’ll reach the spanish flu total of 50million?

#167 MF on 09.29.20 at 12:29 pm

142 Dharma Bum on 09.29.20 at 9:45 am
crowdedelevatorfartz on 09

If it’s such a good gig than why didn’t you become a teacher?

I guess it’s much easier to complain and use arguments from the 1980’s instead.

Yeah. That’s it. Teachers caused the off shoring of jobs, the joke that was 2008 and subsequent trillion dollar bail out, teachers caused the deficit and central bank splurge.

Low hanging fruit for people grasping for straws. That’s what they argument is.

MF

#168 SoggyShorts on 09.29.20 at 12:29 pm

#147 Tater on 09.29.20 at 10:09 am
#132 Jake on 09.29.20 at 9:25 am
#101 MF, #102 Ponzius Pilatus

Most self-employed people would probably be better of in a partnership where they have someone to back them up.

***********************
Disagree strongly.

Partnerships are almost never evenly balanced and therefore inherently unfair.
The hardest thing about being self-employed/starting a small business is the risks involved, and having a partner who will get 50% of the profits if it works does not reduce the consequences of failure by 50%.

Terrible trade off.

#169 MF on 09.29.20 at 12:33 pm

Jake on 09.29.20 at 9:25

I didn’t miss anything. All I see is someone green with envy comparing and complaining about the path he took.

You chose self employment. Nobody forced you. That was your choice. The choices of others are moot, and the only reason why you brought it up is because you have no argument clearly.

MF

#170 YouKnowWho on 09.29.20 at 12:37 pm

Corrected, after coffee! Carry the decimal, but it is an important decimal.

>

Here is how that whole thing works. Let’s take our neighbours to the south, New York State, which we can agree has been a) hard hit b) transparent with Cuomo loving the spotlight c) had good testing d) shared a lot of data e) most importantly did general population tests.

Starting data points.

New York State
Population 19.45m
460,000 Covid-19 cases
32,722 deaths

New York City
Population 8.4m
247,000 Covid-19 cases
23,801 deaths

Antibody test done in the city and state pointed at 20%+ of NYC residents having antibodies and if I recall state wide the number was 13% – but can’t find the article with results right now. (FOUND IT, link below) Here is the NYC article:

https://www.nytimes.com/2020/08/20/nyregion/nyc-coronavirus-antibody-testing.html

Let’s get to some NYC math first. KEEP IN MIND please the data points are points in time. Antibody tests were done few months ago (when case/death numbers were lower) and I’m using today’s case/death counts assuming that % of antibody individuals is same – when it could easily be higher at this point.

So first 247,000 divided by NYC population – we get 2.94% of NYC residents had Covid-19 confirmed by test.

But 21% have antibodies – 7.14x more. Meaning, for every case confirmed by test, there appear to be 7.14 cases not tested for.

Therefore, 1,763,580 would be the logical number of NYC residents who were infected by Covid-19 and have the resulting antibodies.

Now, with the death numbers we can argue all we want about accuracy, if they are padded, if many near death patients were attributed Covid-19 even though they were about to pass on. But for this exercise, let’s keep those numbers AS-IS, assuming any over counting/padding is offset by missed numbers.

So for death rate vs. REAL number of cased in the wild, we have 23,801 divided by 1,763,580 – giving us…are you ready for it. 1.35% effective death rate. That’s a far cry from the 5% range many are reporting. It’s single digit multiple of flu 5 to 6 times higher.

STUNNING DATA right?

Let’s move onto New York State

460,000 divided by 19.45m – 2.365% of New York State residents confirmed with Covid-19

FOUND IT! 13.9% of of New York State residents have antibodies.

https://www.cbsnews.com/news/new-york-coronavirus-13-9-percent-coronavirus-antibodies-covid-19/

But the antibody test showed 13.9% divided by 2.365 is 5.877

Meaning 5.877 times more people have antibodies than positive tests confirmed. HOW did they get them? Their bodies made them because they had Covid-19 not confirmed by tests.

Now, 460,000 confirmed cases with tests x 5.877 actual antibody presence in NY State general population multiplier, we get 2,703,420 total individuals in New York state who had Covid-19.

Again, we take the deaths (even if padded) at face value. So 32,722 Covid-19 NY statewide deaths divided by 2,703,420 – OH NO 1.21% death rate.

Now, I CANNOT be the only person who put this clear data and logic together – can I?

I surely cannot be the only person that has done the math on good quality data out of New York City and State that CLEARLY shows the death rate on Covid-19 is such low multiple of flu – much lower than the reported 25-35 x flu death rate.

NOTES:
As highlighted, general population immunity maybe much higher, as false negative odds in IgG and IgM is MUCH higher, and quite time sensitive. The multiplier in some of these test has not been 5 or 7, but rather 10-20 range. And if that is the case, than the effective death rate is further reduced from the 1.2 – 1.3% I note above to perhaps 0.5% or even 0.3% – OH SO CLOSE to a flu. No doubt a nasty flu, but…

#171 Penny Henny on 09.29.20 at 12:45 pm

#90 MF on 09.28.20 at 8:21 pm
#67 Penny Henny on 09.28.20 at 7:10

Yeah that’s it. Ruin friendships out of your sick day jealousy.

Go apply to be a teacher if it’s so good. How about that?

MF
///////////

The person wasn’t a teacher but none the less you have issues.

#172 Penny Henny on 09.29.20 at 12:56 pm

#111 the Jaguar on 09.28.20 at 11:28 pm

So why not just sit tight for the next 30 or so days and let the Republic of the United States of America make its own decisions about its future. Dog knows we have enough of our own problems here at home, and maybe that deserves our attention.

Anybody know any good jokes? Here’s mine:

///////////////

A guy walks into the Olympic Village carrying a long stick. The security guard stops him and asks ‘are you a pole vaulter’?
The gentleman replies ‘No I’m Czech but how did you know my name is Walter’

#173 Teacher, teacher, can you teach me on 09.29.20 at 1:11 pm

142 Dharma Bum on 09.29.20 at 9:45 am
You can compare the working life of teachers to all other professions ad nauseam.

153 days vs 179 days….or WHAT-E-VERRR.

Despite all the stupid comparisons, the fact remains that
TEACHERS GET THE ENTIRE SUMMER OFF!

Then they spend the rest of the year whining about how unfair everything is and how tough they have it.

Fact are facts.

I rest my case.

As you were.
……………

Need the summer to work on the tattoos………..

https://nationalpost.com/news/teacher-says-his-tattoos-and-surgically-blackened-eyes-cost-him-his-job

#174 Ace Goodheart on 09.29.20 at 1:11 pm

RE: #154 mike from mtl on 09.29.20 at 10:50 am

#18 Ace Goodheart on 09.28.20 at 4:02 pm
///////////////////////////////////////////////////////

+1

Yes, I really don’t understand why globally nearly every government seemingly suffers mass psychosis.

It should be crystal clear now what this virus is about and the risks involved. Unfortunately it’s too late to change course – no major government would openly admit gross error or all this was an overreaction.

Now QC will be regressing to semi-lockdown again, I fully expect ON to follow. Two reasons I can think of.

1, Yes exponential case increases would lead to hospital overflow and excess deaths.

2, We see exponential case increases surpassing the first peak, but it does not translate to serious hospital stays, ICU or deaths because it’s getting the lowest risk group. Then the public will realise all these lockdown measures were all for nothing, you can imagine the backlash.

//////////////////////////////////////

If they had isolated the long term care homes early on in the crisis, when they knew already that the major impact group for COVID deaths would be people over 70 yrs, we would have had probably around 80-90% less deaths.

When you look at COVID in terms of its effect on the very young, to those just under age 70, it is not very deadly. It is really no worse than a bad case of influenza, and for many people no worse than a cold.

Yet, the solution was to lock down all of society, and at the same time, not bother to take precautions with regard to the people they knew were most at risk, ie residents of LTCH.

#175 dr talc on 09.29.20 at 1:13 pm

NDP should be shamed for propping up T2, if they had any shame. T2 on internet censorship:

https://www.eurocanadian.ca/2019/06/global-internet-censorship-lockdown-begins-canada.html?m=1&fbclid=IwAR2q8ywj3zilInL4idtIBHa96yJ1UUWsDmrl-A49PFDfstxFA2neZsKlfRQ

#176 Sail Away on 09.29.20 at 1:18 pm

#111 the Jaguar on 09.28.20 at 11:28 pm

Anybody know any good jokes?

————–

Two blondes on the opposite sides of a river:

First blonde: HOW DO YOU GET ACROSS THE RIVER?
Second blonde: YOU’RE ALREADY THERE!

#177 Ubul on 09.29.20 at 1:19 pm

How many sick days corporate managers, executives get?

#178 crowdedelevatorfartz on 09.29.20 at 1:57 pm

@#167 MF
“Low hanging fruit for people grasping for straws. That’s what they argument is.”

++++

You should sue your English teacher……..

#179 AM in MN on 09.29.20 at 1:59 pm

#126 MF on 09.29.20 at 6:51 am
97 AM in MN on 09.28.20 at 8:46 pm

What a joke of a comment. Not unexpected from you though.

Go look at the Ontario teacher pension fund as an example. It’s worth about 200 billion and is heavily diversified. Last year the surplus was something like 8 billion over liabilities.

————————————————

That is in fact the issue. The Teachers have $200B for their pensions, along with the sick leave provisions…. and the taxpayers have $2T in debt.

When the stress of all the debt piles up, political winds can change quickly.

Remember that the taxpayers, through the government, have the power, if they so choose, to keep printing money (devaluing assets) and they can tax those assets, or assets like your house.

#180 Guelph Guru on 09.29.20 at 1:59 pm

Mr. Trudeau represents the will of the Canadian majority. If that has changed, then how do we evict him from office?
Else, the majority rules. The minority has to sucker up and comment on this blog.
I guess I am a part of the minority.

#181 Tater on 09.29.20 at 2:02 pm

#168 SoggyShorts on 09.29.20 at 12:29 pm
#147 Tater on 09.29.20 at 10:09 am
#132 Jake on 09.29.20 at 9:25 am
#101 MF, #102 Ponzius Pilatus

Most self-employed people would probably be better of in a partnership where they have someone to back them up.
***********************
Disagree strongly.

Partnerships are almost never evenly balanced and therefore inherently unfair.
The hardest thing about being self-employed/starting a small business is the risks involved, and having a partner who will get 50% of the profits if it works does not reduce the consequences of failure by 50%.

Terrible trade off.
—————————————————————
Ok, then run as a sole prop and don’t complain about not having sick days. You (the royal you) had choices about how to structure your company and could weigh the costs and benefits. You also had the choice to seek employment rather than have your own company.

#182 WAKEUP on 09.29.20 at 2:03 pm

YouKnowWho
Nice one.

#183 crowdedelevatorfartz on 09.29.20 at 2:03 pm

@#177 Ubul
“How many sick days corporate managers, executives get?”
+++

Probably the same amount as teachers but they rarely use them.
That’s why they’re managers, they don’t abuse the privileges provided…

Nor do they get 2 weeks off at Christmas, two weeks off at Spring Break, 7 “development” days in a work year to hone their yoga skills and then two months off for summer……

I’m a manager and I’ve used two sick days in the past 6 years.

#184 AM in MN on 09.29.20 at 2:11 pm

#125 MF on 09.29.20 at 6:35 am
20 Nonplused on 09.29.20 at 1:53 am

You need to revisit history. How did “supply and demand” work during the industrial revolution?

Did workers get paid properly?

————————————————–

Henry Ford’s did, hence the number of people who wanted to leave the farm and come work in a factory like his.

Supply and Demand don’t stop working because the government intervenes to distort markets, they just work less efficiently.

Proof is in the pudding. Check out the GDP/Capita of countries that allow free markets to work vs those that don’t.

The best places to live are not he ones where government distorts the markets but where it ensures freedoms, private property rights and the rule of law. This includes an honest money supply.

Where there is high level corruption and bribery, there is no free market. On balance, those countries that keep the 10 commandments as part of the foundation of their law have a lower tolerance for corruption. Hard to say where Canada stands on that metric these dyas.

#185 Lick road clean with tongue on 09.29.20 at 2:17 pm

#183 crowdedelevatorfartz on 09.29.20 at 2:03 pm

@#177 Ubul
“How many sick days corporate managers, executives get?”
+++

Probably the same amount as teachers but they rarely use them.
That’s why they’re managers, they don’t abuse the privileges provided…

Nor do they get 2 weeks off at Christmas, two weeks off at Spring Break, 7 “development” days in a work year to hone their yoga skills and then two months off for summer……

I’m a manager and I’ve used two sick days in the past 6 year.
…..

What a stud!… does your contract have a clause for never ending blog posting while at work?

#186 crowdedelevatorfartz on 09.29.20 at 2:27 pm

@#172 dc talc
Why are you’re posting links to that crap?

Let me guess ……Trump is your hero.

#187 Sail Away on 09.29.20 at 2:33 pm

#160 Tater on 09.29.20 at 11:36 am
#150 Jay on 09.29.20 at 10:22 am

I have tonnes of sick days at my office job, do i dare use them? Hell no. Thanks for the help government! you have given us no choice other than to lie due to this complete overreaction.

————–

Sad. You have sick days, but won’t use them and tell your kids to lie on your behalf. Pathetic parenting.

————–

Hey Dill-o, what makes you think you’re qualified to offer parenting criticism?

Remember this gem of investing criticism you offered me:

“#31 Tater on 01.30.20 at 7:03 pm wrote: …you’re not investing. This is trading and you’d better have a plan. Because this [TSLA] can turn at anytime.”

And today TSLA is… oh… 330% higher.

#188 Barb on 09.29.20 at 2:39 pm

Our six-year old grandson sneezed at school.
Once.
Into his elbow, as he was taught.

Teacher called and said to come get him.

Gawd, give me strength!

#189 DON on 09.29.20 at 2:44 pm

#181 Tater on 09.29.20 at 2:02 pm
#168 SoggyShorts on 09.29.20 at 12:29 pm
#147 Tater on 09.29.20 at 10:09 am
#132 Jake on 09.29.20 at 9:25 am
#101 MF, #102 Ponzius Pilatus

Most self-employed people would probably be better of in a partnership where they have someone to back them up.
***********************
Disagree strongly.

Partnerships are almost never evenly balanced and therefore inherently unfair.
The hardest thing about being self-employed/starting a small business is the risks involved, and having a partner who will get 50% of the profits if it works does not reduce the consequences of failure by 50%.

Terrible trade off.
—————————————————————
Ok, then run as a sole prop and don’t complain about not having sick days. You (the royal you) had choices about how to structure your company and could weigh the costs and benefits. You also had the choice to seek employment rather than have your own company.

****************

When I worked for myself …loved it…the enemy was sickness. I worked for 6 weeks at a time before taking a day off. It is part of the responsibility and experience.

It is also nice walking away and letting someone else deal with all the worries.

My future includes working for myself again…It is part of my semi retirement plan.

As for the teachers…they did a good job connecting with kids from March to June. It was also a welcomed opportunity for me to get directly involved. I was not impressed with the actual hours of instruction on math etc but appreciated the music classes, PE etc. It’s my job to ensure my kids progress and I am open to the advice.

But I would not want to have to deal with 25-30 kids at one time.

Besides, like another poster mentioned…kids need their breaks. But these pro d days should be scheduled on those breaks in my opinion.

#190 TurnerNation on 09.29.20 at 2:53 pm

#188 Barb fight fire with…the next time teacher coughs or sneezes call the principal and insist that they are removed!

#191 crowdedelevatorfartz on 09.29.20 at 2:56 pm

@#185 Rough tongue = chapped lips
“….does your contract have a clause for never ending blog posting while at work?”
++++

I’m one of the owners as well.
And the only salesman.
I’m normally out on the road but today you get my undivided attention.

:)

Just issued 4 quotes for over 100k worth of work that we will get…… WHILE typing these glorious rebuttals …
and this year is shaping up to be one of the best ever….and I saw a hummingbird in the Salvia I planted earlier this year……

#192 Stone on 09.29.20 at 3:01 pm

#187 Sail Away on 09.29.20 at 2:33 pm
#160 Tater on 09.29.20 at 11:36 am
#150 Jay on 09.29.20 at 10:22 am

I have tonnes of sick days at my office job, do i dare use them? Hell no. Thanks for the help government! you have given us no choice other than to lie due to this complete overreaction.

————–

Sad. You have sick days, but won’t use them and tell your kids to lie on your behalf. Pathetic parenting.

————–

Hey Dill-o, what makes you think you’re qualified to offer parenting criticism?

Remember this gem of investing criticism you offered me:

“#31 Tater on 01.30.20 at 7:03 pm wrote: …you’re not investing. This is trading and you’d better have a plan. Because this [TSLA] can turn at anytime.”

And today TSLA is… oh… 330% higher.

———

Wow! You’re quoting something from about 9 months ago. You know, I though you were a psycho before. Now, I know you are with 100% certainty. Don’t know why Garth let you come back to play in the sand box again.

#193 BillyBob on 09.29.20 at 3:06 pm

#167 MF on 09.29.20 at 12:29 pm
142 Dharma Bum on 09.29.20 at 9:45 am
crowdedelevatorfartz on 09

If it’s such a good gig than why didn’t you become a teacher?

I guess it’s much easier to complain and use arguments from the 1980’s instead.

Yeah. That’s it. Teachers caused the off shoring of jobs, the joke that was 2008 and subsequent trillion dollar bail out, teachers caused the deficit and central bank splurge.

Low hanging fruit for people grasping for straws. That’s what they argument is.

MF

—————————————————————————-

We get it. You’re a teacher, and/or one or more of your parents are/were, and they did/do walk on water.

When you’re a hammer everything looks like a nail.

But now that that’s covered can you just give your multiple posts defending teachers a rest? You’re not convincing a soul.

The whole “if it’s so easy why don’t you do it” is the weakest rebuttal possible. If teachers would just shut up about how hard their lives are when they actually work a fraction of the time most people do for far less benefits and security and coddling, maybe they wouldn’t be the targets of so much criticism. That’s the point you’re missing about “life choices”.

Incidentally I come from a family chock full of teachers across multiple generations and they agree with me about teachers in general. They’re proud of being educators but cringe whenever their psychotic militant union opens its mouth on their behalf, usually to espouse some useless social dogma they don’t even agree with.

If there is a more entitled employee group in Canada one would be hard-pressed to find it.

#194 Sail Away on 09.29.20 at 3:42 pm

#192 Stone on 09.29.20 at 3:01 pm

Wow! You’re quoting something from about 9 months ago.

————-

Yes!

In the Sail Away household, perfect results often take 9 months.

#195 SoggyShorts on 09.29.20 at 3:46 pm

#169 MF on 09.29.20 at 12:33 pm
Jake on 09.29.20 at 9:25
I didn’t miss anything. All I see is someone green with envy comparing and complaining about the path he took.
MF

*************************
I know you get your knickers in a twist anytime someone suggest that your teacher parents have a gravy job, but here’s the thing:

They are public servants. It’s perfectly acceptable IMO for tax payers to question the compensation of politicians, teachers, garbage men and anyone else on the payroll.

#196 Ubul on 09.29.20 at 4:22 pm

#191 crowdedelevatorfartz on 09.29.20 at 2:56 pm
@#185 Rough tongue = chapped lips
“….does your contract have a clause for never ending blog posting while at work?”
++++

I’m one of the owners as well.
And the only salesman.
I’m normally out on the road but today you get my undivided attention.

:)

Just issued 4 quotes for over 100k worth of work that we will get…… WHILE typing these glorious rebuttals …
and this year is shaping up to be one of the best ever….and I saw a hummingbird in the Salvia I planted earlier this year……

This can never happen to the teachers.

By the way, I was referring to corporate managers, CEOs – vs their employees.

That, and people working for small businesses are a better measure stick for discussion about sick days than teachers.

You can also throw in the mix other G7 countries.

#197 Trevor on 09.29.20 at 6:24 pm

Hi Garth,

I am professionally employed with a Local Health Authority in the Lower Mainland and I make a decent income. My colleagues, friends and family are fascinated by my recent decision to opt out of the insanity of housing to live out of a tent. Yes, its true. Unlike so many others here in the 604, I can afford to live indoors. I have discovered I would rather keep what I earn than give it to the nonsense that is the world of real estate. I’m out. Gonna be a long winter but I like my growing bank roll.

#198 David Greene on 09.30.20 at 9:24 pm

Sure, if you don’t take into account marking, lesson/curriculum preparation, creating presentations, PTA meetings, school meetings and extracurricular activities.

Source: I was a sort of psychologist working in schools.
Your source?

————————————-
Lawless on 09.28.20 at 6:40 pm

Dave,

Good on you for defending your wife’s profession. That said, by my math a typical person works around 240 days per year and your wife works 193 days per year. So every week your wife works about 1 day less than a normal person. And she likely works 8:30 until 3:30 most days, which to be blunt is an hour and a half less than a basic work day (7 hours of work standard plus lunch, 5.5 hours work for your wife plus lunch). I get that most teachers work outside of their regular hours, but so do the rest of us. And nobody complains like the teachers about how hard they work like teachers despite the fact that they clearly work many less hours than the normal person. I for one wish teachers would stop whinging and acknowledge that they’ve chosen a great lifestyle job. Gold plated pension to boot.